Published on August 27, 2005

AGRIPURE HOLDINGS’s board of directors approved the write-down of paid-up capital by Bt406.4 million by trimming its par value to Bt8.49 per share from Bt10. It will also use Bt274 million of its share premium to erase accumulated losses on its balance sheet. After the write-offs, the company’s retained loss will drop to Bt1.95 million.

BANGKOK EXPRESSWAY’s board of directors approved an interim dividend payment at Bt0.50 per share, payable on September 22.

The company’s board also endorsed the purchase of ordinary shares in Thai Tap Water Supply Co Ltd from CH Karnchang Plc in the amount of 1.45 million shares or 4.83 per cent of the registered capital, at a price of Bt290 per share.

GFPT’s board of directors endorsed the increase of paid-up capital in its subsidiary, GP Breeding Co Ltd. GP Breeding previously had Bt100 million registered capital and Bt70.3 million paid up.

After the increase, the company will have Bt100 million paid-up capital. GFPT remains holding a 99.99-per-cent stake in the company.

KGI SECURITIES (THAILAND) posted a consolidated audited second-quarter net profit of Bt23.47 million, compared to Bt68.81 million in the same period a year ago.

PTT completed an offering of Bt4.12 billion worth of 15-year senior unsecured bonds to institutional investors.

Part of the proceeds will be swapped to US dollars in proportion to PTT’s revenue earned in dollars to mitigate foreign-exchange risk and reduce costs,it said in a filing to the SET.

The offering is part of PTT’s plan to issue Bt50 billion of bonds during 2005-2009 to finance its investments and refinance debt. The company issued Bt4.04 billion in baht bonds in June and US$350 million worth of dollar-denominated bonds in early August.

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