11 June 2007
Dispose of Thaiticket Master.Com shares
June 8, 2007
TO: President
Stock Exchange of Thailand
RE: Dispose of Thaiticket Master.Com [TTM] shares
BEC would like to inform that BEC-Tero Entertainment
Plc. [BEC-Tero] - our subsidiary which BEC holds 60% of the
paid up capital and the substantial portion of the rest is held
by non - connected parties, has sold 40% of the ordinary shares
of Thaiticket Master.Com Co., Ltd. [TTM], to Major Cineplex
Public Company Limited [Major] who was not a related person.
The share transfer will be concluded within this month. The
total number of the shares sold is 400,000 shares (the par
value of Baht 10 per share), which is 40% of the total TTM's
shares. The value of the transaction is Baht 31.2 million of
which the selling price is Baht 78 per share. The book value
of such share as per the audited financial statement at the
end of 2006 is Baht 17.18 per share. The value of the transaction
is 0.47% of the total assets of the company at the end of the
1st quarter of 2007. This transaction is to have Major as a
significant strategic partner of TTM, so that both BEC and
Major benefit from this alliance.
Please be informed accordingly.
Yours sincerely,
(Mr.Chatchai Thiamtong)
Vice President - Finance