Request for temporary suspension of trading of securities
23 January 2006
-Translation-
AIS-CP 014/2006
January 23, 2006
Re: Request for temporary suspension of trading of securities
To: President
The Stock Exchange of Thailand
Advanced Info Service Public Company Limited ("the Company")
as a subsidiary of Shin Corporation Public Company Limited
("SHIN") which SHIN holds 42.82% of the paid up capital of
the Company. The major shareholders of SHIN, comprised of
Miss Pintongta Shinawatra, Mr. Bhanapot Damapong, Mr. Phantongtae
Shinawatra, Miss Yingluck Shinawatra and Mrs. Busaba Damapong,
have sold 1,487,740,120 shares, equal to 49.595% of paid
up capital, of SHIN to Cedar Holdings Limited ("Cedar") and
Aspen Holdings Limited ("Aspen") on January 23, 2006 at the
price of Baht 49.25. However, Cedar and Aspen have
announced to the public by way of informing the Company
that Cedar and Aspen will make a Voluntary Tender Offer
for all securities of the Company.
The Company considers that this information is significant
and may affect to the price of the shares of the Company
and the decision making of shareholders and investors.
Therefore, to provide enough time for shareholders and
investors to analyze this information, the Company would
request for temporary suspension of trading of securities
from 14.30 to 16.30 on January 23, 2006. Moreover, the
Company will pass the information regarding the sale of
SHIN's ordinary shares and the making of a voluntary tender
offer by Cedar an Aspen to the consideration of the Board
of directors' meeting for further consideration of taking
any actions in connection with the aforesaid incident.
And the Company will inform shareholders, investors and
the Stock Exchange of Thailand promptly.
It is hereby requested for further proceeding.
Yours sincerely,
-Signed-
(Mr. Somprasong Boonyachai)
Director
Advanced Info Service Public Company Limited