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SET requires MACO to clarify a connected transaction
12 Nov 2003
SET Requires Master Ad Public Company (MACO) to Clarify a Connected Transaction
On 11 November 2003, MACO announced the acquisition of Landy Development Co.,
Ltd's shares, which is a connected transaction of two of its major shareholders,
amounting to 977,400 shares, valued at 6.72 million baht. The details come from
SETSMART dated 11 November 2003.
To enable investors and shareholders to have sufficient information about the connected
transaction to base their investment decisions, The Stock Exchange of Thailand (SET)
requires MACO to provide the following additional information:
1. The number of Landy's shares purchased by each of the two MACO major
shareholders and the shareholder structure of Landy after the acquisition is
completed;
2. The specific reasons for setting the offering price by using Landy's book value as
of 30 September 2003 and The Audit Committee's opinion regarding the appropriateness
of the offering price;
3. Details regarding Landy's new office building, the amount required for this
investment, and how MACO will fund Landy's future projects.
Hence, the SET would like to inform MACO 's shareholders and investors to study
MACO's additional information, which will be disseminated via SETSMART.