03 September 2004
To inform the investment with Traffic Corner Holdings' subsi
September 3, 2004
To: President
Stock Exchange of Thailand
Re: To inform the investment with Traffic Corner
Holdings' subsidiary.
As Traffic Corner Holdings Plc. [TRAF] has announced to
the Stock Exchange of Thailand yesterday that its Board approved
it to make a memorandum of understanding (MOU) with BEC-TERO
Entertainment Plc. [BEC-TERO] our 60% subsidiary, to jointly
operate in radio business, we are writing to inform that the
management of BEC-TERO is discussing with TRAF on the issue
and will make the MOU with TRAF shorthly. However, a definitive
agreement of the joint operation will be made depends on
results of due diligence yet to be preformed.
Please be inform accordingly.
Sicerely Yours,
(Chatchai Thiamtong)
Vice President - Finance