24 June 1998
INFORMATION REGARDING THE ACQUISITION AND DISPOSAL ASSETS
June 22, 1998
Subject : Additional information regarding the acquisition or disposal
assets
To : Directors and managers of Stock Exchange of Thailand
Dusit Thani Public Co., Ltd. would like to clarify some
misunderstanding contained in the information regardging the acquisition
or disposal assets which mentions to Baht 360,324,156.78 construction
contracts relatingto the Royal Princess Srinakarin Hotel and Baht
270,178,986.01 construction contracts relating to the Royal Princess Ranong
Hotel and commercial buildings.
Refer to the benefit expected to be recieved, the Company
expects that these two hotels will be able to generate a profit within 3
years after opening. This profit is mentioned the gross operation profit
which is before interest expenses, depreciation and property taxes.
Khunying Chanut Piyaoui
Chairperson and Managing Director