Report on the Progress of Assets Acquisition
22 August 2007
Ref: THIP-SET/033/2550
August 21th, 2007
Subject : Report on the Progress of Assets Acquisition
Attention : Director and Manager, SET
Thantawan Industry Public Company Limited would like to inform that had
additional acquisition of assets for plastic bag making machine and raw
material conveying system of new factory's building as follows:-
No Date Counter-parties Details Value of Value of
to the transaction asset(Baht) Transaction
1 3 Aug 07 Ruian New Trade Platic Bag 768,963.19 0.13%
IMP.&EXP.Trade Making Machine
Co., Ltd.(China)
2 17 Aug 07 Piovan Asia Pie Raw Material 3,397,950 0.56%
Ltd. (Singapore) Conveying System
Total 4,166,913.19 0.69%
Acquistion of Assets notice to SET 54,901,500.00 8.89%
Accumulate Total 59,068,413.19 9.58%
Related Transaction : None
Sources of funds used : Using own fund
Return on Investment :
1) To increase the production's efficiency of existing and news product
for more competitiveness
2) To increase production capacity
3) To produce high value added and high quality product to serve the market,
to focus on all quality product with GMP (Good Manufacturing Practice)
guarantee
4) To increase the potential strategic alliance
Value of the transaction : Total value of consideration rules accumulate 9.58%
as of Financial Statements for the years ended June 30,2007 was below the
standard regulated by SET's announcement on standard, method and disclosure of
receiving and selling of asset by listed company in SET
Please be informed accordingly.
Very truly yours,
(Mrs.Pojanard Prinyapatpakorn)(Mr.Huang Kuan-Chiun)
Authorized Director
