Translation
Ref.AD/06-110 February 17, 2006
Subject: Sale of Investment Units"Thai Industrial Fund 1 "(TIF1)"
To: The President
The Stock Exchange of Thailand
Thai Factory Development Public Company Limited
would like to inform that the Company had sold and transferred
the 15,000,000 units of Thai Industrial Fund 1 (TIF1)
at Baht 10.-per unit, total amount Baht 150,000,000.-
to the Government Savings Bank on February 15, 2006, details as follows:
1. The date on which the transaction occurred : February 15, 2006
2. The parties involved : The Government Savings Bank
- Relationship with the company None
3. The general characteristics of the transaction :
- Transaction volume :
The investment units, Thai Industrial Fund 1 (TIF1) manage by ING Funds
(Thailand) Co., Ltd., 15,000,000 units at Baht 10.- per unit, total amount Baht
150,000,000.- (Baht One Hundred and Fifty Millions) The above transaction
required by The Notification of the Stock Exchange of Thailand Re: Rules,
Conditions and Procedures Governing any Action for the Disclosure of
Information about Acquisition /or Disposition of Assets of Listed Company B.E.
2547 (A.D. 2004)
The Calculation from the Company's balance sheets as at September 30, 2005 as
follows:
- The basis used to consider the volume :
Sales value per total amount of assets with appear in the company's
balance sheets as at September 30, 2005 (150,000,000 / 1,305,461,524)
The transaction volume is 11.49% of total assets. Therefore, the Company
informs to the Stock Exchange of Thailand for
acknowledgement
4. The details of assets disposed of:
- The assets disposed of : 15,000,000 units, total amount Baht
150,000,000.-
- Proportion of assets holding before : 31.8%
- Proportion of assets holding after : 2%
Financial Data as of as of
September 30, 2006 December 31, 2005
(Baht : Million) (Baht : Million)
- Income from Sales 622.5 482.5
- Total income 770.1 676.5
- Net profit (loss) 51.5 44.5
- Total assets 1,305.4 1,688.0
- Total liabilities 467.7 877.7
- Shareholders equity 837.7 810.3
5. The basis used to determine the value of consideration :
Sale price will not less than register value baht 10.- per unit order to reduce
Company loan and to invest on the new project under the corporate plan 2005
6. The benefit expected to be received :
to decrease Company loan and to invest on the new project
under the corporate plan 2005
7. Conditions for the disposition of Assets :
Payment at the transfer date as of February 15, 2006
8. Board's opinion :
The Board of Directors empowered the Managing Director
to negotiate and finalize to sale TIF1
Please be informed accordingly
Sincerely yours,
(Ms. Siriphon Pinprayong)
Assistant Managing Director
Administration and Information Technology
CC: Director
Office of the Securities and Exchange