clarifies published report
17 January 1996
Loxley Plc (LOXLEY), in a clarification to the Stock Exchange of
Thailand concerning its various joint investment plans, said that:
1. The company used to study the joint investment plan with Cedar
Manufacturing Co Ltd, which engages in the clothes export business.
However, it does not jointly invest with this company.
2. Concerning the telephone project in North Korea, the company
previously reported the details on the matter to the SET and the general
investors. At present, it has sent the staff to study the possibility of
the investment in North Korea. Progress of the matter will be reported
accordingly.
3. The company was now negotiating the joint investment plan in the
hydroelectric dam project in Laos. It is expected that the negotiations
will be completed by February 1996.
Translated by the Nation