SET Releases

Thanuluck Plc (TNL)'s board of directors at a meeting No.27 on September 28, 1995 resolved to do a connected transaction. Details are as follows: 1. Transaction Date of Connected Persons: The board resolved for TNL to purchase shares of Thai Hamilton Co Ltd, and Thai Monster Co Ltd from International Cosmetics Plc and to acquire Total Way Image Co Ltd's shares from Ramsorn Taweekarn Co Ltd. The reason behind the move is because TNL's directors also sit on the invested companies' boards. 2. Details of the Acquired Assets: - 20,000 common shares or 10% of Thai Hamilton Co Ltd's registered capital. The company's business is the production of ready-made clothes. - 12,000 common shares or 6% of Thai Monster Co Ltd's registered capital. Its business is also producing ready-made clothes. - 2,000 common shares or 1% of Total Way Image Co Ltd's registered capital. The company's business is producing leather products. 3. Total value of remuneration: TNL will purchase Thai Mamilton Co Ltd's shares at Bt239.45 apiece, totalling Bt4,789,000 and it will acquire Thai Monster Co Ltd's shares at Bt137.52 apiece in a deal worth Bt1,650,240. Full payment will be made to International Cosmetics Plc on the date of shares ownership transfer. TNL will acquire Total Way Image Co Ltd's shares at Bt144 apiece in a transaction worth Bt288,000 from Ramtaweesorn Co Ltd. Full payment will be on the date of the shares ownership transfer. 4. List of Connected and Related Persons: Saha Pathana Inter-Holding Plc is a major shareholder of TNL and International Cosmetics Plc. Mr. Boonyasit Chokwattana is TNL, International Cosmetic Plc and Ramtaweesorn Co Ltd's chairman. He is also a major shareholder of Ramsorntaweekarn Co Ltd. Khun Varin Leelanuwat is the managing director of TNL and Ramsorntaweekarn Co Ltd. Khun Dusadee Sunthornthamrong is a director of TNL and Ramsorntaweekarn Co Ltd. Translated by The Nation