ข่าวแจ้งตลาดหลักทรัพย์

Ref. SS/0879/1998 July 7, 1998 Director and Manager of The Stock Exchange of Thailand Re: Report the Resolutions of the Board of Directors Meeting # 5/1998 The Sansiri Public Company board of directors meeting (# 5/1998) held on July 7, 1998, has passed the following resolutions: 1. THAT the Company will restructure and settle its debt owe to Interlife John Hancock Assurance Public Company Limited in amount of Baht 12,000,000.- (Twelve Million Baht Only) which was due on September 19, 1997 without any interest. This debt has been incurred under bill of exchange issued by the Company , as issuer and payer thereof to Interlife John Hancock Assurance Public Company Limited , as the payer which was avalled by United Finance Public Company Limited and as collateral against the Company liabilities in obtaining the said aval Chanachai Limited, who is the Company's wholly owned subsidiary, has guaranteed and mortgaged its property with United Finance Public Company Limited. But before the due date of the said bill of exchange , the United Finance Public Company Limited, as the avaller, was temporarily closed down by the Bank of Thailand so that it was unable to fulfiled its obligation. Therefore, instead of collecting the said amount from United Finance Public Company Limited as the avaller Interlife John Hancock Assurance Public Company Limited, as the payee of this bill of exchange , had to hold the Company as the payer and the acceptor to the said bill of exchange, to be liable for the said debt. The Company then negotiate and agree to settle the said debt partially in the amount of Baht 8,000,000.- (Eight Million Baht Only) by transfering the condominuim unit in Baan Ploenchit Condominuim unit no. 67/108 with the unit area of 103.43 sqm. and the area of its balcony of 0.90 sqm., located on the 11th floor of the Baan Ploenchit Condominuim Building, registration no. 4/2539, built in the land title deed number 5302 and 5303 Tumbol Suan Lumpinee (Bangkapi Fhung Tai) Amphur Patumwan (Bangkapi) Bangkok to Interlife John Hancock Assurance Public Company Limited. -2- 2. THAT the Company will offer its new issue shares in the amount of 400,000 shares (Four Hundred Thousand Shares) with the par value of Baht10.- (Ten Baht) each to Interlife John Hancock Assurance Public Company Limited , one of the 17 institution investors as specified in the SEC Announcement , at the price of Baht 10.-(Ten Baht) per share. The share subscription period of the said offer will commence from July 6 , 1998 to July 10 , 1998 during 8.00 - 17.00 hour each day , provided that if the total amount of the offering shares are subscribed on any day earlier than the last day of the said subscription period , such day will deemed to be the closing date of the subscription period. Thus the objective of this shares offering was to raise money from Interlife John Hancock Assurance Public Company Limited to repay the outsatnding debt owe to it. Prior to this offering, Interlife John Hancock Assurance Public Company Limited did not hold any shares in the company so that after the subscription of the said offering shares , Interlife John Hancock Assurance Public Company Limited will hold 400,000 shares (Four Hundred Thousand Shares)in the Company which equal to 0.59% of the Company's paid up capital. Yours Sincerely ................... Mr.Sretta Thavisin - Managing Director