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Traffic Corner in talks with potential buyers of 90 million shares.

Bangkok Post (Bangkok, Thailand)

| September 09, 2005 | COPYRIGHT 2005 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

Byline: Bamrung Amnatcharoenrit

Sep. 9--Traffic Corner Holdings Plc is looking for business partners to secure sustainable growth of its entertainment business and to help clear debt of 401 million baht. The SET-listed company now is in talks with prospective partners to place 90 million new shares, part of a capital increase of 140 million shares approved by shareholders last year.

CEO Suraphong Triamchanchai said a deal would be finalised by the end of next month, adding that the company preferred to sell shares to two or three companies rather than to just one investor.

After the sales, Mr Suraphong's holding would be diluted to 19 percent ...

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