ข่าวแจ้งตลาดหลักทรัพย์
CLARIFY NEWS RE: FINANCE RESTRUCTURING ALTERNATIVES FOR BCP
1600 / 093 / 2002
October 4, 2002
The Stock Exchange of Thailand
62, Ratchadapisek Road, Klongtoey
Bangkok 10110
Attention : President of The Stock Exchange of Thailand
Subject : Clarify News Re: Finance Restructuring Alternatives
for BCP
Dear sir ,
According to the news appeared in newspaper on October 4, 2002
concerning that the Company filed the summary of McKinsey's study and
National Finance's study to the Secretary of State Enterprise Policy
Committee as to consider 3 alternatives of finance restructuring on this
coming October 9;
The Bangchak Petroleum Public Company Limited (BCP) would like to
clarify that the Company hires McKinsey- business consulting firm to
assess the Company's status and to study the Company's business
enhancement. Besides, the Company further hires National Finance to
study finance restructuring alternatives. Such hires are compliance
with the Government Cabinet's resolution on October 22, 2001 stating
that the State Enterprise Policy Committee is assigned to study the
future Company's business operation. At present, the whole studies
have already completed. Hence, the Company shall summarize to the
Ministry of Finance and this, in turn, shall be further sent to the
State Enterprise Policy Committee. Regarding finance restructuring,
the above consultants propose 3 alternatives comprising additional
government guarantees and/or capital injection. This aims to solve a
front load of due loans during 2003 - 2004 and strengthening
the Company's financial structure.
Please be informed accordingly.
Yours sincerely,
(Mr. Chokchai Atsawarangsalit)
Corporate Planning Manager
Corporate Planning Office
Tel: 0-2335-4583