23 September 2008
Clarification of capital increase and investment additional
(Translation)
No. TT / IM 352 / 2008
22 September 2008
Re: Clarification of Plan for Capital Increase and Investments in Additional
Real Properties
To: The President
The Stock Exchange of Thailand
TMB Asset Management Company Limited, the Management Company of
CPN Retail Growth Property Fund (CPNRF), notes various articles published in the
press today in relation to the status of CPNRF's capital increase which
unitholders
approved on 19 August 2008.
The Management Company acknowledges that current equity market
conditions remain volatile and challenging, however, we wish to clarify that no
decision has been taken at this time to postpone the capital increase. The
capital
increase is also currently awaiting approval from the Securities and Exchange
Commission.
The Management Company will continue to monitor market conditions and
explore all options to maximise value for unitholders. Further details will be
announced to unitholders in due course.
Please be informed accordingly.
Yours faithfully,
Phiphat Phisanuwongrak
Authorized Signatory
