News

Report to The Stock Exchange of Thailand (SET)


December 15,2000
Clarification on Agreement to sell between Padaeng Poongsan Metals Company Limited and PSMT company Limited



Referring to our letter ref. PDI.B02.91/2000 of 13 December 2000, the company would like to further clarify on Agreement to sell between Padaeng Poongsan Metals Company Limited and PSMT Company Limited as follows:

1. PSMT Corporation is a company registered in the business of producing brass sheets & coin blanks and is a wholly-owned subsidiary of South Korea’s Poongsan Corporation Ltd.,

2. Since PPM has already written down its asset to Bt123.5m, the effect on PDI consolidated P&L; statement will be that the sale amount of Bt227.85m will be realized as gain on asset sale of approximately Bt104.35m for the financial statement year-end December 31, 2000.






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