09 กรกฎาคม 2540
PURCHASES MILLIONS OF SHARES OF CVD
BEC World Plc (BEC) notified board resolutions made at the 5/1997
meeting held on Jul 8, 1997 as follows:
1.To approve the minutes made by board meeting No. 4/1997
2.To purchase ordinary shares amounting to 7.2 m units or 20% of
registered capital of CVD Entertainment Plc at the price of Bt45 apiece,
totalling to Bt324 m, details as follows:
2.1 purchase 1.2 m existing shares at the price of Bt45 each,
totalling to Bt54 m
2.2 purchase 6 m capital increased shares, Bt45 apiece, totalling
to Bt270 m
This investment claimed over 10% of another's registered capital so
the disclosure of transaction is shown below:
1.Date of transaction : July 8, 1997 (purchase of 7.2 m units, Bt45
each, of CVD at closed price averaged for 40 working days since May 2 -
Jun 30, 1997)
2.Details of asset bought :
type of securities--ordinary shares of CVD Entertainment Plc,
listed company in the SET, comprised of 6 m capital increased shares and
1.2 m existing shares, totalling to 7.2 m units
company--CVD Entertainment Plc
Type of business--producer and distributor of VDO tape recording;
V-Cassette and V-O Cassette and recorder of film on VDO cassette
3.Total remunerations : Bt324 m, paid in cash
4.Source of fund : working capital
5.Objective of investment : to modify company's entertainment business
to VDO Cassette sector, agen distributor of local and oversea film
recorded in VDO, which is recently mushrooming
6.Anticipated benefit : business expanded and dividend from CVD
Comment : Please verify details from Public SIMS
Translated by The Nation