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Bangkok Post, Thailand, Company Reports Column.

Bangkok Post (Bangkok, Thailand)

| September 05, 2001 | COPYRIGHT 2001 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Sep. 5--BEC World said that on Aug 31, it rolled over loans of 500,000 bt to its subsidiary TVB 3 Network Co for another year at an annual interest rate of 5 percent . BEC World holds a 60 percent interest through its wholly owned subsidiary BEC-International Distribution Co. The remaining 40 percent is held by TVB Overseas Co of Hong Kong.

-- DBS Thai Danu Bank said holders of its warrants (DTDB-W1) could exercise rights on Sept 28, submission period Sept 10-27. Each warrant can be exchanged for one share at 10 bt.

-- Fancy Wood Industries said its board had approved a quarterly dividend of 5 bt per share, to be paid Oct 3, register closed Sept 18.

-- New Imperial Hotel said its shareholding in Imperial Angkor Palace Co increased to 71.4 percent from 42.9 percent on July 31 when it acquired 2.5m shares from Beta Maekong Fund Co at 1.46 bt each, the book value as of Dec 31, 2000. The remaining 28.6 percent stake in Imperial Angkor Palace Co is held by T.C.C. Ruamtun Co.

-- Sanyo Universal Electric, reporting on an Aug 31 briefing for investors on its delisting plan, said that the two major shareholders, Premier Group and Sanyo Group, had not reached an agreement before the tender offer was made. It said the Sanyo Group had no intention to sell its shares under the tender offer. Given keen local competition and the slow economy, the company said it would focus more on overseas markets, aiming to increase export sales to 50 percent from 20 percent .

-- SCB Capital Stable Fund will be listed today under the symbol SCBCS. Managed by SCB Asset Management Co, the fund has 60m units and has the characteristics of a flexible, portfolio-specific, closed-end fund. About 43 percent would be invested in government and central bank bonds and other debt instruments guaranteed by the Finance Ministry; ...

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