NOTIFICATION OF SALE OF INVESTMENT IN HOUAY HO POWER CO.,LTD
21 January 2002
No. Tor. 1/2545 18 January 2002
RE Notification of Sale of Investment in Houay Ho Power Company Limited
TO President
The Stock Exchange of Thailand
The Company would like to notify you that the meeting of the Company's
Board of Directors resolved to approve the sale of 100,000 shares the Company holds
in Houay Ho Power Company Limited to Houay Ho Thai Company Limited, at the price
of United States Dollars 10 Million. This sale of shares is in compliance with the plan
to restructure the investment to be more efficiently.
The above sale of shares is the sale to a party not related to the Company.
The size of the transaction pursuant to the criteria of aggregate value of remuneration
equals to 5.29%. The Company will no longer have any investment in this enterprise.
The proceeds from sale shall be applied towards repayment of debts and used as
working capital of the Company.
Please be informed accordingly.
Yours sincerely,
Loxley Public Company Limited
(Mrs. Suganya Veerakiatkij)
Senior Vice President
Accounting and Budgeting Dept.