SET Announcements
15 July 2010
Capital Increase in Subsidiary Company
SCG-SET-10-011
July 14, 2010
Subject: Capital Increase In subsidiary company
To : Managing Director
The Stock Exchange of Thailand
Sahacogen (Chonburi) Publice Company Limited reported that Sahacogen Green
Co.,Ltd.(Subsidiary company) has
resolution to increase of capital by additional of THB 270 Million on THB 900
Million current registered capital, forming
a total registered capital of THB 1,170 Million by issuing new ordinary shares
at THB 10. The Board of Directors
Meeting No. 3/2010 held on July 13 , 2010, approval of Sahacogen (Chonburi)
Public Company Limited to invest in
Sahacogen Green Co.,Ltd. as follows :
1. Date of Event : Approx. July, 2010
2. Detail of Investment
Company name : Sahacogen Green Co.,Ltd.
Address : 129 Moo 1 Nonsi , kabinburi , Prachinburi
Type of Business : Biomass Fired Power Plant
Authorized Capital : Divided into common stock 117,000,000 shares @ Bath 10
per value.
Proportion of shareholding before investing : 99.99%
Proportion of shareholding after investing : 116,999,993 shares or 99.99%
of Issued and paid-up capital
3. Criterion for setting the price : The purchased price is par value and has
no any liability due to the company.
4. Purpose of invest : Expand Biomass Fired Power Plant.
5. Expected return on investment : In form of dividend
6. Source of Fund : Company loan.
7. Opinions by The Board of Directors :
Adopted the resolution of to invest in Sahacogen Green Co.,Ltd. as continuing
the Biomass Fired Power Plant
project.
Kindly post these informations at your earliest convenience.
Sincerely yours,
(Mrs.Pannee Chantavaraluk)
Company Secretary