THE SHARES DISPOSAL OF LAOS BREWERY CO.,LTD.
10 กรกฎาคม 2544
Tor. 21/2544 July 9, 2001
SUBJECT Announce a non-connected transaction
TO President
The Stock Exchange of Thailand
Loxley Public Company Limited (the "Company") would like to annouce that the
Company had enterred into the agreement with the Government of Lao People's
Democratic Republic to dispose its 510,000 common shares or about 25.5% holding
stake in the Lao Brewery Co., Ltd. in the amount of US$ 12.0 million or about Baht
543.60 million (Exchange rate at USD 1 = Baht 45.30). The term of payment will be
as followed:
1st Payment US$ 6.0 million within 30 days after the date of signed agreement;
2nd Payment US$ 3.0 million within 60 days after the date of signed agreement;
3rd Payment US$ 3.0 million within 90 days after the date of signed agreement.
The proposed utilization of the proceeds received will be applied in a general working
capital purpose and for the repayment of certain long term debt. This asset disposal is
not determined as a connected transaction as per the SET's regulations.
The calculation per the Net profit based is equaled to 4.84%
Sincerely Yours,
Loxley Public Company Limited
(Ms.Suganya Veerakiatkit)
Senior Vice President
Accounting & Budgeting Dept.