04 May 2005
Clarification Buy Back Plan
May 4, 2005
To: President
Stock Exchange of Thailand
Re: Clarification on Buy Back Plan.
"Koa Hoon" newspaper had one of its headline of its
today papers, May 4, 2005, saying that "BEC proposes its Board
of Directors to approve share buy back plan", however its
clearly specified in the news that the buy back which has to be
approved by Board of Directors has not been confirmed to be on
the agenda of the next Board's meeting.
The company has been studying the possibility and the
suitability of the buy back for years, as it reckoned that this
might be an efficient way to return its excess cash back to its
shareholders. However, the study is still at management level
and the size has now been reduced because of the new regulation
involving retained earnings.
According to the request from the Stock Exchange of
Thailand, the company confirms that our buy back is still an
under - study project at management level. It was not included
in the agenda of our upcoming Board's meeting to be held of
May 16, 2005.
Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President - Finance