REPORTS ITS SALE OF STOCKS
17 July 1996
Loxley Plc (LOXLEY) reported its sale of stocks in Loxley Pacific Ltd
as the details as follows:
1. Cellular Products and Service Ltd has sold 988,500 shares to CTW
Beta Ltd for the amount of US$2.20 million according to the board of
directors' resolution concluded in July 16, 1996.
2. Lox Data Ltd has sold 988,500 shares to CTW Beta Ltd for the amount
of US$2.20 million according to the board of directors' resolution
concluded in July 16, 1996.
3. Open Systems Integrater Ltd has sold 988,500 shares to CTW Beta Ltd
for the amount of US$2.20 million according to the board of directors'
resolution concluded in July 16, 1996.
4. Loxley Utilities Service Ltd has sold 1,534,500 shares to CTW Beta
Ltd for the amount of US$3.40 million according to the board of directors'
resolution concluded in July 16, 1996.
The total amount worths US$10 million or Bt250 million. (Exchange rate
US$1 = Bt25) The subsidiaries will profit from the sales of these stocks
and will enable the operation in the telecommunication project in Rajin-
Sabong free economic zone in North Korea to have a higher potential of
success. The project will get supports from experts and technology to
help the project achieve its goal.
Translated by the Nation