EPORTS ON UTILISATION OF PROCEEDS
14 August 1997
Loxley Plc added the information of utilisation of proceeds totalling
to Bt4,964 m gained from ECD issued as follows:
As the delay of IPP project and SPP project coincided with capital
increase of Thai Telephone & Telecommunication Plc (TT&T), Loxley decided
it'd better spend the remaining proceeds, earlier aimed at IPP and SPP
projects, on maintaining its holding in TT&T. The Telephone operator
projected to boost its operations after receiving concession of 1.5 m
phone numbers. Loxley would see higher dividend after this purchase of
shares. However, if IPP and SPP projects is likely to begin, the company
would absorb money from available loans for the investments.