REPORT NEW INVESTMENT OF LOXLEY THALES CO.,LTD
14 สิงหาคม 2544
Tor 24/2544 14 August 2001
Subject Report on New Investment
To President
The Stock Exchange of Thailand
Loxley Public Company Limited (the "Company") would like to report
that the Company, joinly with Thales Co., Ltd. (France), will set up Loxley Thales
Co. Ltd. ("Loxley Thales") with the registered capital of six million Baht. The
Company will hold 30,600 common shares or 51.0% of the registered capital. Thales
CTI PTE Limited (Singapore) will hold 29,400 common shares or 49.0% of the
registered capital. The Company will use its working capital in the amount of Baht
3.06 million to invest in Loxley Thales. The capital will gradually be paid-up upon the
capital call of Loxley Thales.
The Board of Directors of the Company had principally approved this
investment since 9 April 2001. The purpose of this investment is to enhance the the
Company's business on the telecommunication, electronic control system and security for
the public sector and private sector which the Company has already engaged in.
This transaction is not determined as a connected transaction as per the
SET's regulations and the size of the transaction is calculated equal to 0.03% per the
SET's regulations.
Please be notified accordingly.
Sincerely yours,
Loxley Public Company Limited
(Mrs. Suganya Veerakiatkij)
Senior Vice President
Accounting and Budgeting Dept.