Inform of CKLX Joint Venture Engagement Contract Signing
28 กันยายน 2550
Tor: 18/2550 September 27, 2007
Subject: Inform of CKLX Joint Venture Engagement Contract Signing
To: President
The Stock Exchange of Thailand
Reference is made to the fact that Loxley Public Company
Limited entered into a Joint Venture Agreement with CH. Karnchang
Public Company Limited by using the name CKLX Joint Venture,
having the objective for operation of the construction project
of the toll collection and traffic management systems for
Kanchanapisek Road (Bang Pli-Suksawad) and Bangkok Outer Ring Road,
Highway No.37, the Bang Pli-Bang Khun Thien Expressway (Suksawad-Bang
Khun Thien), based on joint investment proportions as follows:
1. CH. Karnchang Public Company Limited 75 %
2. Loxley Public Company Limited 25 %
In this respect, CKLX Joint Venture has signed an engagement
contract of the construction project of the toll collection and
traffic safety control systems for the Bang Pli - Suksawad Expressway
and Highway No. 37, Bangkok Outer Ring Road (Bang Pli - Bang Khun
Thien Expressway, Suksawad - Bang Khun Thien section) with the
Expressway and Rapid Transit Authority of Thailand, which is
considered an ordinary course of business on an arm's length basis.
The details of work are as follows:
Signing Date: September 27, 2007
Total Contract Value: Baht 2,618,400,000 (Two Thousand
Six Hundred Eighteen Million Four
Hundred housand Baht Only),
inclusive of value added tax
Duration: - Approximately 360 days for Phase 1
- Approximately 480 days for Phase 2
Please be informed accordingly.
Sincerely yours,
Loxley Public Company Limited
(Mr. Pichai Mooputtarak)
Secretary of Board of Director