SET Announcements
Report on the use of proceeds from capital increase
No. MD.007/2004
January 27, 2004
Re: Report on the use of proceeds from capital increase
To: President
The Stock Exchange of Thailand
Regarding Bangkok Aviation Fuel Services PLC. offered 9,000,000 capital
increase of ordinary shares in year 2002, which were allocated to the
general public at the price of Baht 60, the total proceeds derived from
capital increase were Baht 540 million that the company had an objective
to utilize those proceeds through the investments in Thai Aviation
Refueling Company Limited (TARCO) of Baht 107.75 million and Depot for
New Bangkok International Airport (Suvarnabhumi Airport) of 432.25 million.
The company would like to report the usage of capital increase until
December 31, 2003 that the proceeds from capital increase has already been
utilized in full amount for the above projects.
Yours sincerely,
(Mr. Chathaya Bandhaya)
Finance and Account Manager