Published on July 16, 2005
ASIAN SEAFOODS COLD STORAGE’s board of directors approved a Bt200-million investment to establish a subsidiary that will process food products from tuna fish and meat. The new company is expected to begin operations in April next year.
The board also endorsed the issuance and offer of bonds at an amount not exceeding Bt1 billion. The money raised from the issuance will be used for the company’s business operations and investment in its new subsidiary and/or for loan repayments.
-------------------------------- CAPITAL NOMURA SECURITIES posted an audited net profit of Bt30.51 million for the third quarter ending May 31, compared to Bt51 million in the same period a year ago. -------------------------------- CHAROONG THAI WIRE AND CABLE received Bt41.4 million from the exercise of warrants from April 1, 2004 to March 31 this year. Including the remaining balance of Bt5.34 million, the company recorded a total balance of Bt46.7 million. The company paid dividends of Bt46 million on May 9, leaving a remaining balance of Bt722,690. -------------------------------- LAND AND HOUSES submitted a tender offer for securities of the Book Club Finance Plc as part of its plan to establish a retail bank. The tender offer of 183,670,743 ordinary shares and 100 million preferred shares will be made between today and July 21. -------------------------------- PICNIC CORPORATION’s wholly owned subsidiary, World Gas (Thailand) Co Ltd, spent Bt1 million to acquire all common shares of Pride Logistics Co Ltd, which a liquefied petroleum gas transportation company. -------------------------------- TRAFFIC CORNER HOLDINGS sold its 11 million shares to “specific investors” at Bt1.57 per share. In April, the company increased its registered capital from Bt305 million to Bt445 million by issuing 140 million ordinary shares. The company allocated 20 million shares to Wongsawat Group and another 19 million shares to specific investors. After the transaction, the company has 90 million remaining shares. -------------------------------- TONGHUA COMMUNICATIONS’s board of directors approved the sale of ordinary shares in Dhanavat Insurance to Inter Holdings. The company will sell 9 million shares at Bt11.17 per share. After the transaction, the company will gain Bt100.53 million, which will be used to repay the foreign loan it borrowed in order to invest in Dhanavat in 1997. The money will also be spent as working capital for its core newspaper business and to invest in “high potential” businesses related to its core business. -------------------------------- PTT is ready to buy additional shares of National Petrochemical and Thai Olefins at Bt120 a share and Bt60 a share respectively from shareholders objecting to the planned merger of the two units. The offer period will run from August 18-31. State-owned PTT owns 38 per cent of National Petrochemical and 49 per cent of Thai Olefins. After the merger, PTT will be the largest shareholder in the new entity with a 44.25-per-cent stake, followed by Siam Cement with an 18.16 per cent share.
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