001/020/2007
March 23, 2007
President
The Stock Exchange of Thailand
62 Ratchadapisek Road,
Klongtoei, Bangkok 10110
Dear Sir,
Re. : Announcement of an investment in new joint-venture of a subsidiary of Amata Corporation PCL
Amata Corporation Public Company Limited wishes to inform the resolution of the Board of Directors of Amata City Company Limited, a subsidiary company in which Amata Corp. holds 83.67% shares, at the meeting No. 1/2007 held on March 23, 2007. The meeting approved an investment in Thai - Chinese Rayong Industrial Realty Development Co., Ltd. The details are as follows :-
| 1.The date on which transaction occur : |
April , 2007 | |
| 2.The company name : |
Thai - Chinese Rayong Industrial Realty Development Co., Ltd. | |
| 3.The nature of its business : |
Rental factory business | |
| 4.Registered capital : |
Baht 50 Million | |
| 5.Paid-up capital : |
Baht 50 Million | |
| 6.Purchasing price per share (unit) : |
Baht 100 | |
| 7.Proportion of securities : |
Minimum 30% | |
| 8.Board of directors compose of 5 persons, including 2 persons from Amata City Co., Ltd that is Mr.Viboon Kromadit and Mr. Huang Zhengyu | ||
| 9.Shareholders |
Name |
% of shares held |
| 1. Mr.Wang Li Cheng : |
40% | |
| 2. Mr.Xiao Qi Jing : |
8% | |
| 3. Mr.Xu Gen Luo : |
1% | |
| 4. Amata City Co.,Ltd. : |
Minimum 30% | |
| 5. Others: | The rest10.The benefit expected to be received:Dividend11.The sources of funds:Income from selling land to Thai-Chinese Rayong Industrial Realty Development Co., Ltd.For your information. | |
Yours sincerely,
AMATA CORPORATION PUBLIC COMPANY LIMITED
Pol.Gen. Chavalit Yodmani
Chairman