Ref: LT.F 188/2007
July 11, 2007
Subject Use of proceeds from offering of ordinary shares via private placement
To :The President The Stock Exchange of Thailand
According to the offering of 107 million ordinary shares via a private placement, at the offering price of Baht 19 per share, on November 28, 2006, TICON received proceeds approximately Baht 2,001.59 million, net of offering expenses. As stated in the Capital Increase Report Form, the proceeds will be used as for further business expansion.
The Company would like to report use of the proceeds for the period ended June 30, 2007 as follows:
|
Intended use (Million Baht) |
Actual use ended December 31, 2006 (Millin Baht) |
Actual use from January 1, 2007 to June 30, 2007 (Million Baht) |
Remaining amount available (Millin Baht) |
|
2,001.59 |
1,049.80 |
Purchase of land and development of factory buildings 951.79 |
- |
Please be informed accordingly.
Yours faithfully,
(Miss Lalitphant Phiriyaphant)
Head of Finance