reports joint investment of Coastal Power and Sri U-thon

The board of the Bangchak Petroleum Plc (BCP) approved the capital increase plan of Banchak Power Co Ltd to Bt500 million in the year 1996. The board of BCP also agreed that Coastal Power Group and Sri U- thong Co Ltd jointly invest in Bangchak Power Co Ltd. The holding ratio in Bangchak Power Co., Ltd. thus will be changed to be BCP holding 40% stake, Egco Joint Venture and Development Co., Ltd 30% stake and Coastal /Sri U-thong group holding a 30% stake. Translated by the Nation