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Bangkok Post, Thailand, Company Reports Column.

Bangkok Post (Bangkok, Thailand)

| September 07, 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. 7--B. Grimm Engineering Systems said its board on Sept 3 approved the company's plan to invest in BGES Planner, which runs a debt-restructuring business, by purchasing 99,993 shares at 10 bt each, totalling 999,930 bt. Under the purchase agreement, the company would made an initial payment of 249,982 bt or 25 percent of the total.

-- Bank of Ayudhya said its executive board on Sept 5 approved no dividend for H1 2001 due to accumulated losses.

-- Delta Electronics (Thailand) said its board on Sept 5 approved a change in the par value of the company's shares to 1 bt from 10 bt each. The memorandum of association was changed to reflect the new total number of shares of 1.2bn. The extraordinary shareholders' meeting will be held on Oct 10, register closed Sept 19.

-- Distar Electric Corp said it had invested in Khon-Thai Today by purchasing 550,000 shares (10-bt par) on Aug 30, representing 55 percent of the total stake in the company.

-- Food and Drinks said Vorasit Talomsin had resigned as an independent director and audit committee member, effective Sept 3.

-- Raimon Land said Raimon Construction, in which the company holds 40 percent stake, had reduced its registered capital to 1m bt from 2.5m bt. The capital decrease resulted in Raimon Land's ...

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