The increase in capital and the investment in ADC
16 สิงหาคม 2547
-Translation-
AIS-CP 101/2004
August 16, 2004
Subject: Notification of the increase in capital and the
investment in Advanced Data Network Communications Co, Ltd.
To: The President
The Stock Exchange of Thailand
Advanced Info Service Public Company Limited (the "Company")
would like to inform the Stock Exchange of Thailand ("SET") that
the shareholders' meeting of Advanced Data Network Communications
Co,Ltd.(ADC), a 67.95% subsidiary of the Company (TOT Corporation PLC.
holds 23.50% and other minority shareholders aggregately hold 8.55%),
passed the resolutions approving an increase of ADC registered capital
from 457.52 million Baht divided into 45.75 million shares at par
value of 10 Baht each, to 957.52 million Baht divided into 95.75
million shares at par value of 10 Baht each. The newly issued
capital of 500 million Baht divided into 50 million shares at par
value of 10 Baht each, shall be issued and offered by a rights issue
to the existing shareholders.
Accounting to the investment policy, the Company considered a
subscription of ADC's shares in the amount of 17.75 million shares
at 10 Baht each, (The book value of ADC as of June 30, 2004 is
approximately 9.62 Baht per share) amounting to a total investment
of 177.50 million Baht. After the subscription, the Company's stake
in ADC will be reduced to 51%. ADC considered a reallocation of
the unsubscribed shares to the existing unconnected shareholders
who would like to purchase more.
Please be informed accordingly.
Yours sincerely,
-Signed-
Mr. Somprasong Boonyachai
Director
Advanced Info Service Public Company Limited