clarifies a published reports
01 มีนาคม 2538
Loxley Plc (LOXLEY) clarified a published report concerning its
shareholding in the "Odyssey" project. LOXLEY said it has proposed to
enter into the initial stages of a joint investment with TRW Ink of
United States and Teleglobe Ink of Canada who are responsible for the
project.
LOXLEY submitted the proposal, including the shareholding ratio and
proposed areas of service to the responsible companies for their approval.
It expects to reach a joint investment decision by around May 1995. It
will select a joint investment partner by the bidding process if there
are many persons wishing to join the investment.
LOXLEY also denied a published report regarding the proposed joint
investment stating figures of 10% or Bt1.25 billion. This could have come
from the media report. However, the company is waiting for the outcome of
the joint investment from those persons responsible and it will report
any progress on the project.
Translated by The Nation