Notification of disposal of Advanced Data Network
02 มิถุนายน 2551
(Translation)
AIS-CP 073/2008
May 30, 2008
Subject: Notification of disposal of 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 you that the Company has sold the ordinary shares of Advanced Data
Network Communications Co., Ltd.("ADC"), which 51.00% of its shares are held
by the Company to Digital Phone Co., Ltd.("DPC"), which 98.55% of its shares
are owned by the Company.
The selling price is based on the ADC's book value as of February 29, 2008,
totaling amount of Baht 199,240,761.60. After the disposal, ADC remains the
Company's subsidiary through DPC's holding.
The objective of this transaction is to restructure the group organization to
create a synergy of voice and data communication via mobile and internet
network that will add more values to DPC in the future.
This transaction is not considered a connected transaction or the acquisition
and disposal of assets under the Rules and Procedures and Disclosure of
Connected Transaction of Listed Companies of the SET.
Please be informed accordingly.
Yours faithfully,
-signed-
Mr. Pong-amorn Nimpoonsawat
Chief Finance Officer
Advanced Info Service Plc.
Compliance Department
Tel: 02-6874278