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GFPT's board approved the compa¬ny's planned borrowing of up to Bt2 billion, including an amount for repayment of short-term loans from directors and connected persons that will become due next year. The main purposes for which the sum will be used are: investment in GFPT Nichirei (Thailand); capital expendi¬ture of the company and its subidiaries for farm construction, in order to produce and supply chicken meat to GFPT Nichirei; adjustment of the company's financial structure; and working capital.

EMC reported that it had won a Bt258.88million contract from Kananun to construct the Aree Forum project.

SEAFO secured eight projects for the boredpiling works of developers. The combined value is Bt143.37 million.

BANK OF AYUDHYA transferred 2,460,000 shares in Siam Bangkok Port, a cargo handling and warehouse operator, to the bank's registered provident fund in order to lower its stake in compliance with Bank of Thailand regulations.

Ratchaburi Electrity Generating Holding's board reported the appointment of Sombat Santijaree as chairman, effective on January 1. Vitul Simachokedee and Pramote Inswarng will become directors, and Kurujit Nakornthap an independent director, on the same date.

Electrity Generating reported the resignation of Sanit Rangnoi as chairman and director, and Narongsak Vichetpan, Sombat Sarntijaree and Visit Akaravinak from their directorships.

The board has appointed PornchaiRujiprapa, Wisudhi Srisuphan, Apichart Dilogsopon and Somboon Arayaskul, respec¬tively, to those positions. The changes are effective on January 1.

Financial Group, the new holding company of Tisco Group in place of Tisco Bank following a shareholding restructuring, has signed a sharepurchase agreement for Primus Leasing, which provides hirepurchase and whole sale financing services for Ford, Mazda and Volvo. Primus Leasing has assets of Bt8.5 billion.