SET Announcements
CLARIFIES PUBLISHED NEWS CONCERNING ITS SHARE OFFERING
The Bangchak Petroleum Plc (BCP) give an elucidation on news in the
Poo Jad Karn Rai Won Newspaper as of July 21, 1996 concerning the
offering of BCP's shares held by the Finance Ministry and PTT totalling
31%.
Demanding to raise BCP's status to be privatised, at the cabinet
meeting held on October 17, 1996, it was resolved to issue BCP's shares
which will lead to efficiency in the company's business expansion. The
cabinet's securities trading board of directors will be responsible for
this issue.
The company was later informed by the board of directors that the
Bureau of Crown Property, The Industrial Finance Corp. of Thailand (IFCT)
and many private sector individuals are interested in BCP's shares.
However, the board of directors plan to issue 10% of the said shares to
the general public and small private sectors to give them a chance to be
a BCP owner.