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TMB helps Yarnapund to finance expansion.

Bangkok Post (Bangkok, Thailand)

| March 10, 2006 | COPYRIGHT 2006 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: Darana Chudasri

Mar. 10--TMB Bank yesterday arranged a 2.22- billion-baht loan to the auto parts producer Yarnapund Plc.

The loan will be used to finance construction of the company's third factory and support business growth, projected this year at 20-25 percent.

Somphan Phanpanit, the managing director of Yarnapund Plc (YNP), said the company still had 456 million baht in funds available for business growth from its initial public offering in August 2005.

The company plans to invest 2.6 billion baht in a new factory in Chachoengsao, including land and machinery costs.

The loan from TMB carries a term of eight years ...

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Source: HighBeam Research, TMB helps Yarnapund to finance expansion.