SET Announcements
Approve Financial Statement Q3/03,Fuel Pipeline Investment
No. MD. 120/2003
November 5, 2003
Re:Approve Financial Statement for Q3/2003, Investment in the Project of
Aviation Fuel Transportation Pipeline
To:President
The Stock Exchange of Thailand
Bangkok Aviation Fuel Services Public Company Limited held the Board of
Directors Meeting No. 5/2003 on 5 November 2003, starting from 14:00 hrs.
and the meeting passed the following material resolutions:
1.The Meeting resolved to approve the Financial Statement for Quarter
3/2003 as proposed.
2.The Meeting resolved to approve the cancellation of the construction
of truck off-loading facilities for aviation fuel at Suvarnabhumi Airport;
and resolved in principle for the Company to invest in the project for
aviation fuel pipeline to Suvarnabhumi Airport within the budget of Baht
300 million in a form of joint venture company with the Company being
leading party in the formation of the joint venture and holding not
exceeding 50% of the total shares, the company name shall be JP-One
Asset Co., Ltd and the registered capital shall be Baht 600 million.
Please be informed accordingly.
Respectfully yours,
(M.R. Supadis Diskul)
Managing Director