INFORMATION ON CONNECTED TRANSACTION BY THE SUBSIDIARY
08 June 2000
Siam Makro Public Company Limited
Information Memorandum on Connected Transaction by the Subsidiary
The Board of Directors of Makro Properties Limited (a subsidiary
company of Siam Makro Public Company Limited) has resolved in
the meeting held on June 7, 2000 to buy the land from Charoen
Pokphand Industry Company Limited. Details are as follows:
1. Date, month and year of transaction :
June 7, 2000
2. Related parties :
Buyer : Makro Properties Limited.
Seller : Charoen Pokphand Industry Company
Limited.
Relationship between Buyer and Seller :
Buyer is a subsidiary company of Siam
Makro Public Company Limited and
Seller is a subsidiary company of
Charoen Pokphand Foods Public Company
Limited. Charoen Pokphand Foods Public
Company Limited is a major shareholder
of Siam Makro Public Company Limited
by holding the shares through related
persons as mention in clause 5.
3. Nature of transaction :
Makro Properties Limited will buy the land which is located
on Petchkasem Road, Prongmadua (Lampaya) Sub-district, Muang
Nakornprathom (Pra-prathomjedee) District, Nakornprathom
Province covering land area of 33 rai 1 ngan 52 square wah
with the total amount of Baht 108,485,000 from Charoen
Pokphand Industry Company Limited in order to lease to Siam
Makro Public Company Limited for its new store operation.
Type of transaction : The transaction is the connected
transaction according to the
Notification of the Stock Exchange of
Thailand on the Rules, Procedures and
Disclosure of Connected Transactions
of Listed Companies but is not the
transaction in the scope of the Rules,
Procedures and Disclosure of
Information Concerning the Acquisition
and Disposition of Assets of Listed
Companies.
Volume of transaction : More than 0.03% but less than 3% of
the book value of net tangible assets
of the latest reviewed consolidated
financial statements as at March 31,
2000 of Siam Makro Public Company
Limited.
4. Total value of transaction and payment term :
The total payment of the price shall be made in one lump sum
in the sum of Baht 108,485,000 which shall be paid by Makro
Properties Limited on the date of actual registration of
transfer of the ownership of the above mention land.
Total value of transaction is equal to Baht 108,485,000 on
which the price is based on the market price. The Buyer and
Seller can negotiate on such price independently.
5. Nature and scope of interest of connected person in the
transaction :
Charoen Pokphand Foods Public Company Limited is a connected
person of Siam Makro Public Company Limited. It therefore has
interest in the transaction as mention in clause 3 as the
Seller is a subsidiary company in which Charoen Pokphand Foods
Public Company Limited holds 99.99% stake and the Buyer is a
subsidiary company in which Siam Makro Public Company Limited
holds 99.99% stake. By this Charoen Pokphand Foods Public
Company Limited is a major shareholder of Siam Makro Public
Company Limited by holding the shares through related persons
namely CPF Investment Limited, C.P. Merchandising Company
Limited, Bangkok Produce Merchandising Public Company Limited
and Bangkok Agro-Industrial Products Public Company Limited.
Signed ............... Director Signed ............... Director
(Mr. Arnold Maria Leo Tobac) (Mrs. Suchada Ithijarukul)