ENIES NEWS IN SIAM POST

According to a news reporting Dusit Thani Plc (DTC) at present shoulders foreign loans amounting US$600 million published in Siam Post dated Jul 24, 1997, DTC denounced this news groundless. The company clarified that actually it incurred only US$65 m loan dated Dec 31, 1996 and periodically repays regularily. Therefore, on Jul 18, 1996 there is only US$36 m remaining. Concerning capital increase, DTC would issue 25 m shares, Bt10 apiece, offered to private placement Investment Partnership Affiliated to The Goldman Sachs Group, L.P. and/or Goldman Sachs & Co at the price of Bt30 each, and this wouldheighten its registered capital to Bt850 m. This was resolved by the 1/1997 extraordinary shareholder meeting held on Jul 18, 1997. And the company already advocated with Goldman Sachs signing letter of intend but not the purchase contract. If this transaction is carried out, the company will not hesitate to imediately report to the SET. Comment: Please verify details in Public SIMS. Translated by The Nation