S&P/EMDB will increase the shares outstanding for Thai Airways International Ltd. (EMDB Code 578499.1 / SEDOL 6888857), a constituent of the S&P/IFCI and S&P/IFCG Thailand Indices, by 285 million shares via a new issue, effective April 9, 2004, following a public offering. Along with the public offering, the Ministry of Finance also sold part of its stake to the public and Vayupak Fund I. Accordingly, S&P/EMDB will increase the IWF for Thai Airways International from 0.0715 to 0.30 on the same day. If the above share increase and IWF change had occurred on March 25, 2004, the weight of Thai Airways International in the S&P/IFCI Thailand Index would have increased to 3.5% from 0.71%.
Taiwan - Merger of HON HAI Precision Industry and Ambit Microsystems Corp. (eff. 04/01/2004)
HON HAI Precision Industry (SPID 528388.1/ Sedol 6438564) and Ambit Microsystems Corp. (SPID 528101.1/ Sedol 6140201) have announced the completion of their merger. Holders of Ambit Microsystems shares were offered to exchange their shares for 0.6720 shares of HON HAI Precision Industry. Shares of Ambit Microsystems are expected to trade on the Taiwan Stock Exchange through March 31, 2004. Effective April 1, 2004, Ambit Microsystems Corp will be excluded from the S&P/IFCI and S&P/IFCG Indices. The shares of HON HAI Precision Industry will increase by 253.1848 million shares. The market weight in the S&P/IFCI Index of the new entity will be equal to the combined market weights of the two companies before the merger.
