to set up Cellular Products & Services Co Ltd
27 June 1995
Loxley Plc (LOXLEY) will set up a wholly-owned subsidiary namely
Cellular Products & Services Co Ltd in accordance with a resolution made
at its board of directors meeting on June 26, 1995.
LOXLEY will hold a 100% stake in the company's registered capital of
Bt20 million. The company will raise the investment fund from its working
capital. The newly established firm will sell telecommunication and
various type of communication equipment.
LOXLEY said that the purpose of the investment is to expand its
business and it will also receive the dividend from the investment. The
size of the transaction calculated using the remuneration is equal to
0.28%
LOXLEY will report on further development of the matter accordingly.
Translated by The Nation