Clarification on increasing proportion of Major Shareholder
10 November 2006
THIP-SET 048/2006
October 10th, 2006.
Subject : Clarification on the Acquisition or Disposition of
Securities of Thantawan Industry Plc.
Attention : The President
The Stock Exchange of Thailand
Reference is made to the Report on Acquisition or Disposition of
Securities of the Company (Form 246-2) dated 9 November 2006
filed by Sunflower Company Limited ("Sunflower") to the SEC
reporting the acquisition by it of 800,000 shares, totaling 10 per cent
of the issued and outstanding shares of Thantawan Industry Public
Company Limited (the "Company") resulting in an increase of its
shareholding in the Company from 46.39 per cent to 56.39 per cent
of the total issued and outstanding shares of the Company.
The Company wishes to clarify that such an acquisition by
Sunflower was simply a result of a return of the shares which
Sunflower pledged with its lender since the year 2002 as a security
under the loan agreement. In this regard, Sunflower did not make
additional investment, nor enter into any sale and purchase
transaction in order to acquire such shares. To this end, Sunflower
is currently seeking a waiver from making a tender offer for all
securities of the Company from the SEC pursuant to the SEC
Notification No. GorJor. 53/2545 Re: Rules, Conditions and
Procedures for the Acquisition of Securities for Business Takeover.
Please be informed accordingly
Yours faithfully
(Mrs. Pojanard Prinyapatpakorn) (Mr. Huang Kuan-Chiun)
Authorized Director