The Investment by ADVANC in Data Line Thai Ltd.
02 กรกฎาคม 2547
-Translation-
AIS-CP 074/2004
July 1, 2004
Subject: The Investment by Advanced Info Service Public Company Limited
in Data Line Thai Company Limited
To: The President
The Stock Exchange of Thailand
Advanced Info Service Public Company Limited (ADVANC) would like to inform
the SET about the investment in Data Line Thai Company Limited (DLT).
The details are as follows:
Parties Involved
Buyer : Advanced Info Service Public Company Limited (ADVANC)
Seller: AT Cyber Company Limited (ATC), which holds 65% of DLT's
shares
Relationship with Listed Company
Shin Corporation Public Company Limited (SHIN) is the major shareholder
of both ADVANC and ATC. The details are as follows:
* SHIN holds 42.94% of ADVANC
* SHIN holds 90.91% of AD Venture Company Limited, which holds 47.50%
of Arc Cyber Company Limited. Arc Cyber holds 100% of ATC
General Characteristics of the Transaction
The Company purchased 975,000 shares, i.e. 65%, of the shares of DLT.
The Value of investment is Baht 2,413,469. (Consideration from the
book value of DLT as of June 30, 2004, approximately 4.9 MB.)
Objective of investment
To increase the value of the business by diversifying the network
communication system
Source of capital
Working capital of the company
Details of the Investment
Company name: Data Line Thai Company Limited
Nature of business: Internet service
Paid-up capital: 1,500,000 shares at par value Baht 10
Proportion of securities holding before: -none-
Proportion of securities holding after : 65%
Value of Investment
Baht 2,413,469
Regulations of Disclosure
This transaction is considered to be a connected transaction of
listed companies prescribed in the Notification of the Stock
Exchange of Thailand (SET), re: Rules, Procedures and Disclosure
of Connected Transactions of Listed Companies. The size of
transaction is less than 0.03% of net tangible assets of the
company as of March 31, 2004.
.
Please be informed accordingly.
Yours sincerely,
-Signed-
Mr. Somprasong Boonyachai
Director
Advanced Info Service Public Company Limited
Group Compliance
Tel. 0-2299-5552