Newsroom
Report of utilization of capital raising from IPO
30 Jan 2004
ACC.001/47
29 January,2004
President
The Stock Exchange of Thailand
62 Rachadapisek Road, Klongtoey
Bangkok 10110
Subject : Report of utilization of capital raising from IPO
According to the capital raising from the IPO of 25,000,000 common Shares
at the price of Baht 8 per share, amounting to Baht 200,000,000 and
the net money received of Baht 192,100,000 after the IPO expense,
we Master Ad PLC. (The Company or Maco) hereby report the capital
Utilization as of 31 December 2003 as follows.
Object Money Allocation Actual Remaining
According to Prospectus Spending
(Million Baht) (Million Baht) (Million Baht)
1. Investment expansion in 90 -110 4.2 85.80-105.80
private property rental
2. Bill board construction in 120 - 140 93 30-47
Property of State Railway
Of Thailand
3. Refurbishment of 10 - 40 1.7 8.3-28.3
Structural work
Total 220-280 98.9 121.10-181.10
Please acknowledge the above matter.
Yours sincerely,
Master Ad PLC.
Noppadon Tansalarak
President & CEO
Phiched Manerattanaporn
Director