Clarification on the Property Fund of the Company
Clarification on the Property Fund of the Company
February 10, 2006
Subject : Clarification on the Property Fund of the Company
To : The President
The Stock Exchange of Thailand
Referring to the news from the newspaper "Manager" on
February 10, 2006 which stated that an individual has
brought forth disclosure claims against CPN Retail
Growth Property Fund (CPNRF) with the Securities and
Exchange Commission (SEC) and the Stock Exchange of
Thailand (SET) and also for the slow handling process
by SEC senior officials purportedly because Central
Group executives are planning to set up a new property
fund with a fund size of more than 50,000,000,000 Baht
(fifty billion baht).
The Company would like to state that this news is not
entirely accurate and would like to clarify its actions.
The fact is the Company is currently undergoing feasibility
study to transfer some of its office buildings into a
property fund. The fund size and assets value have not
been yet finalized and the Company has not yet submitted
any document to set up a property fund to the SEC. As for
the complaint about the disclosure of CPNRF, the company
has been informed by TMB Asset Management Co., Ltd., fund
manager, that all questions have already been clarified to
the SEC. Moreover, the Company has never requested any
individual to conceal such information on the Company's
behalf.
Please be informed accordingly.
Yours Faithfully,
Naris Cheyklin
Secretary to the Board of Directors
