REPORT ADDITIONAL MERGER LOXLEY INFORMATION SERVICE CO.,LTD.
16 ตุลาคม 2545
Tor 13/2545 October 16, 2002
Subject: Report on the merger of internet business of Loxley Information Service
Co., Ltd. and C.S. Communication Co., Ltd.
To: President
The Stock Exchange of Thailand
Reference: Loxley Plc.'s letter No. Tor. 8/2545 dated 23rd May 2002
Loxley Plc.'s letter No. Tor. 9/2545 dated 4th June 2002
Reference is made to Loxley Public Company Limited (the "Company")
notification letters on the merger of Loxley Information Service Co., Ltd. and C.S.
Communications Co., Ltd. The Company would like to inform the progress of the
transaction as following:
The Company was informed by Loxbit Co., Ltd. that the negotiation on the
detailed terms and conditions of the merger had completed. Point Asia Dot Com Co., Ltd.
(an associated company of Loxbit Co., Ltd. and the parent company of Loxley Information
Service Co., Ltd.) and C.S. Communications Co., Ltd. (a subsidiary of Shin Satellite Plc.)
will sign the Share Purchase Agreement and Shareholders Agreement relating to the merger
of both internet business. After that both parties will implement terms and conditions of
the agreements to complete the merger. Then the merging will be successfully completed.
The Company will keep you inform on the progress of the merger.
Sincerely yours,
Loxley Public Company Limited
(Mrs. Suganya Veerakiatkij)
Senior Vice President
Accounting and Budgeting Dept.