TH
TCAP 48.75THB
-(-%)
TH

To notify the additional proportion of the investment in Max

TCAP.MDO. 287/2008

November 24, 2008

Subject To notify the additional proportion of the investment in Max Asset Management Co., Ltd.

To The President The Securities Exchange of Thailand

In accordance with Thanachart Capital Public Company Limited ("TCAP") purchased the additional shares in Max Asset Management Co., Ltd. with the details of investment as follows:

1.Date, month and year of transaction commenced
November 28, 2008

2.The related parties
The purchaser : Thanachart Capital Public Company Limited
The seller : Morgan Stanley Country Fund ("MSCF")

3.General description of transaction
It was the transaction of purchasing the ordinary shares of Max Asset Management Co., Ltd. in the number of 14,294,280 shares at Baht 16.93 per share or an equivalent investment at Baht 242,000,000 in total from MSCF that caused the Company having the proportion of the investment in Max Asset Management Co., Ltd. to 83.44 percent as increased from 58.45 percent of all shares as sold.

The size of investment transaction was equal to 1.75 percent, which deemed the small size of transaction according to the calculation method of transaction in size by using the rule of asset value under the Securities Exchange of Thailand's Notification, subject the terms, method and disclosure of the acquisition or disposal of the listed company's asset.

4.General description of Max Asset Management Co., Ltd.
Max Asset Management Co., Ltd. was registered on October 31, 1997, which carried out the business of asset management in respect of purchasing or receiving the transfer of non-performance assets from financial institutes and related collateral of such assets inclusive in order to further manage, distribute or transfer. It had the registered and paid-up capital at Baht 572 million divided intothe ordinary shares in the number of 57.2 million shares at Baht 10 per share.

5.The objective of investment
Its purpose was increase in the earning income into capital of the Company.

6.The expected earning income
Profit was from the allocation of appropriate earnings of Max Asset Management Co., Ltd.

7.Source of investment as used
It was from the working capital of the Company.

Please be informed accordingly,

 

Sincerely Yours,
Thanachart Capital Public Company Limited

 

(Mr.Suphadej Poonpipat)
President and Chief Executive Officer

Back