Advanced Info Service Plc (ADVANC) is to increase its capital from Bt1 billion to Bt5 billion by issuing 400 million new shares at a Bt10 apiece, as resolved at board of directors' meeting No.6/1994 on August 11 1994. The shares amounting to 156 million shares will be allocated to the existing shareholders at the ratio of 1 old share to two new shares at Bt10 apiece. The purpose of the capital increase is to expand the service of digital and analogue mobile phone systems by investing in the exchange and base stations both in Bangkok and in other provinces. Details of the investment projects are as follows: Units : In Millions Analogue Digital 1. Base station 1,500 160 2. Exchange station 1,000 90 3. Relaying system 1,000 40 3,500 290 The source of funds for the above project will be from the capital increase of Bt1,560 million, the remaining funds will be financed from outside loans. The registrar book will close on September 30, 1994 at noon for subscription rights to the shares. Translated by The Nati