Ref : LT.F 161/2007
July 5, 2007
Subject Sale of investment in TICON Property Fund
Attention The President The Stock Exchange of Thailand
TICON Industrial Connection Public Company Limited ("the Company") would like to announce that on July 5, 2007, the Company has sold 50,000,000 units of TICON Property Fund ("TFUND") to GE Real Estate Investment Holdings. The 50,000,000 units, representing 13.16 percent of TFUND total units issued, were sold at a price of Baht 10.50 per unit or Baht 525 million in total. Following the sale, the Company retains 23.37 percent stake in TFUND.
Since the transaction value accounted for 5.6 percent of total assets of the TICON and its subsidiaries, according to the consolidated financial statements for the period ended March 31, 2007, TICON is not required to disclose the information as stipulated in the SET's Notification regarding "Rules, Procedures and Disclosure of Information Concerning the Acquisition and Disposition of Assets of Listed Companies".
Please be informed accordingly.
Yours faithfully,
(Miss Lalitphant Phiriyaphant)
Company Secretary