Stock Exchange Of Thailand Presents Seminar On The New Public Company Act

Mr.Suthichai Chitvanich, Senior Vice President of the Stock Exchange of Thailand (SET) disclosed that the new Public Company Act which was approved by the senate will benefit businesses as well as debt restructuring. Listed companies on the Exchange will also benefit from the new Act in terms of management, and new tools will be available to enhance efficiency in generating returns for investors.

"The new Public Company Act will greatly benefit many kinds of business operations. Therefore, the SET is organizing a seminar to provide knowledge to listed companies and companies that wish to become listed. The seminar is titled, "Understanding of Practical Aspects of the Second Public Company Act". The seminar will be held on Friday, July 27, 2001 at the Queen Sirikit National Convention Center. Issues that will be presented in depth include reducing the par value, treasury stock (share buyback), reducing accumulated losses and debt for equity swap. Also to be covered are work methods of financial advisors, auditors, and lawyers who work in connection with the Act. Seminar discussions will help clarify practical issues." Mr.Suthichai said.

In addition, the SET will organize a seminar titled, "Key information on Six Measures and Two Ministerial Regulations of the New Public Company Act." This seminar is specifically designed for financial and legal advisors.

The seminar will be held on Wednesday, July 25, 2001 at the Auditorium of the SET building. Companies interested in attending the seminar are required to make advance reservations by informing the Issuer Marketing Department at Fax: 0 -2654 5596. The seminar will be conducted only in Thai and free of charge.