Disposal of Investment of a Subsidiary
21 มิถุนายน 2555
Acquisition and disposition of assets
Tor 12/2555 21 June 2012
Subject: Disposal of Investment of a Subsidiary
To President
The Stock Exchange of Thailand
Loxley Public Company Limited (the "Company") was informed by Societe
Commerciale Lao Co., Ltd., a subsidiary which the Company holds 66.50% of its
shares, disposed its whole 38% shares in Mega Management Co., Ltd., Lao People's
Democratic Republic. The shares were sold to a non-related person as following
details:
Transaction Date: September 2011
Involved Parties:
Buyer: A Lao who does not have any relationship with the Seller in the manner
of related person according to the Notification of the Board of Governors of The
Stock Exchange of Thailand Re: Rules, Procedures and Disclosure on connected
transactions of listed companies, B.E. 2546.
Seller: Societe Commerciale Lao Co., Ltd.
General Characteristics of the Transaction:
Societe Commerciale Lao Co., Ltd. disposed the investment in Mega Management
Co., Ltd., 38% of the registered capital for the amount of Baht 7 million.
Size of the Transaction:
Criteria to calculate size of the transaction is the total value of the
consideration equal to 0.07% (the Interim Financial Statements for the six-month
period ended 30 June 2011).
Proportion after the Transaction: None
Reason of Disposal: Business operation has not achieved.
Such transaction was the termination of joint venture with another company,
where the investment is 10% or more of the registered capital and the size of
the transaction does not exceed 15%. The transaction is therefore not regarded
as the transaction required the disclosure of information as per the
Notification of the Board of Governors of The Stock Exchange of Thailand Re:
Rules, Procedures and Disclosure on the acquisition and disposal of assets of
listed companies, B.E. 2547.
Please be informed accordingly.
Sincerely yours,
Loxley Public Company Limited
(Mr. Pichai Mooputtarak)
Company Secretary
______________________________________________________________________
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