acquires capital increase shares
Padaeng Industry Plc (PDI) will acquire 1,172,333 capital increase
shares and the remaining shares of 336,086 shares of Padaeng Pungsan
Metal, Co Ltd. The total shares acquire amounted to 1,508,419 shares
worth Bt150,841,900.
The decision was made at PDI's board of directors meeting No.8/1995
on August 30, 1995.
Padaeng Pungsan Metal Co Ltd earlier raised its registered capital
by Bt200 million from Bt800 million to Bt1.0 billion. As a result, the
shareholding ratio of PDI in Padaeng Pungsan Metal Co Ltd will be
increased from 58.62% to 61.98%
The investment fund will be the same amount which Padaeng Pungsan
Metal Co Ltd has to repay loan to PDI.
Translated by The Nati