Additional report on the reduction of the registered
Sor Kor. 0495/2551
September 15,2008
Subj. : Additional report on the reduction of the registered and the paid-up
capitals of the
Company
To : Managing and Director
The Stock Exchange of Thailand
Reference : Sor Kor 0493/2551 dated 11 September 2008
Sikarin Public Company Limited ("the Company") would like to additionally
inform you of
the reduction of its registered and paid-up capital as follows :
The reduction of the registered and the paid-up capital of the Company is the
reduction of
both the registered share capital of 140,000,000 shares and the paid-up
capital of
100,000,000 shares by decreasing the par value of such shares from Baht
10.00.- to Baht
6.50 apiece (the number of shares remains unchanged).
Such reduction of the registered and the paid-up capital of the Company is
determined to
be implemented in order to use the Baht 350,000,000 of the excess of capital
derived from
reduction of capital via reduction of par value to eliminate the remaining of
the Company's
retained loss of Baht 714,820,865 after it's reduced by statutory reserve
retained earning
Baht 6,875,000 and premium on share capital Baht 365,053,350 orderly. The
Capital surplus
Baht 7,107,485 arising from the decrease of the par value will be recorded in
the
shareholders' equity as the capital surplus.
Please be informed accordingly.
Yours sincerely,
(Mr.Sompol Wongurai)
Director