SET Announcements
02 June 2010
Report an increase of paid-up capital of a subsidiary
(Translation)
Ref. SS./ 0488 / 2010
2 June 2010
Subject : Report an increase of paid-up capital of a subsidiary.
To : President
The Stock Exchange of Thailand
Sansiri Public Company Limited or SIRI would like to report an increase of
paid-up capital of Piwattana Limited, a 100% owned subsidiary of SIRI, as
follows:
1. Payment date : 31 May 2010
2. The registration date of
paid-up capital : 1 June 2010
3. The company name : Piwattana Limited
4. Type of Business : Real Estate Development
5. The existing capital
-Registered capital : 1 million baht by divided into 100,000
shares at the par value of 10 baht
-Paid up capital : 1 million baht by divided into 100,000
shares at the par value of 10 baht
After capital increase
-Registered capital : 100 million baht by divided into
10,000,000 shares at the par value of
10 Baht
-Paid up capital : 100 million baht by divided into
10,000,000 shares at the par value of
10 Baht
6. The general characteristics : The entry into the transaction by the
Company and the size of the
transaction are not fell within any
jurisdiction of the notification of the
SET Re: Rule, Procedures and Disclosure
of Connected Transaction of Listed
Companies and Re: Rule, Procedures and
Disclosure of Information Concerning
the Acquisition and Disposition of
Asset of Listed Companies.
7. The reason for the
increasing of capital : To be used as additional working
capital of Piwattana Limited
8. The benefit expected to be
received : Profit from operation, dividend
9. The source of funds : The Company's working capital
Please be informed accordingly.
Yours sincerely,
(Mr. Wanchak Buranasiri)
Director and Chief Operating Officer