SET Announcements
20 May 2005
To notify the connected transaction on land rental
Ref: SCG-SET-05-017
May 19, 2005
Subject: To notify the connected transaction on land rental
Attention: The President
The Stock Exchange of Thailand
Sahacogen (Chonburi) Public Company Limited is pleased to notify the connected
transaction conducted at present according to the law, rules and regulations
of the Securities Exchange Commission and the Stock Exchange of Thailand on the
Disclosure of Information and Other Acts of Listed Companies concerning the
Connected Transactions, 2004 as follows:-
1. The date of conducting the connected transaction:
June 1, 2005 (the contract period is effective on June 1, 2005 to May 31, 2008)
2. The parties involved:
Lessee Sahacogen (Chonburi) Public Company Limited
Lesser Sinparadorn Company Limited
Relationship Having the same the common shareholder and directors whose
signature is binding upon the company
3. The general characteristics of the connected transaction:
Sahacogen PCL makes a land rental agreement with Sinparadorn Company Limited
to rent 4,800 square meters of the land beside the area of the deed no. 88060
at the monthly rental rate of 144,000.-Baht.
4. The total remunerative value:
Sahacoen PCL pays monthly rent at 144,000.- Baht for 3 years effective on
June 1, 2005, the total amount of is 5,184,000.- Baht (Five million one
hundred and eighty-four thousand Baht only).
5. Rental Conditions:
The rental rate charged by Sinparadorn Company Limited is at the market price
charging in the Sriracha Saha Group Industrial Park.
6. Objectives of the connected transaction
To replace the present entry and exit way
To effectively control and manage the distribution system and security system
7. The details of the connected persons on the connected transaction:
Names Position in SCG % Share held % Share held
on SCG on Sinparadorn
Mr. Boonsithi Chokwatana Director 1.72 30
Mr. Santi Vilassakdanont Director 0.00 10
8. The connected transaction and conditions of the transaction:
This connected transaction is followed the normal business conditions of the
connected transaction for the value more than 1 million Baht but lower than 20
million Baht.
Please be informed accordingly.
Yours sincerely,
(Mr. Viroj Theeravatvatee)
Managing Director