November 16, 2005
Subject Notify the Minutes of the Board of Directors' Meeting (additional)
Attention: The President
The Stock Exchange of Thailand
According to the Board of Directors' Meeting No. 14/2005 of Asian Property Development Public Company Limited (AP), held on November 15, has passed the resolution to start operations of Bangkok CitiSmart Co., Ltd., which AP purchased 1,999,940 shares of Bangkok CitiSmart Co., Ltd. This newly set-up company is a broker for sale and rent property. The Company would like to further clarify as follows:
Seller :
Related to the Company : They are the management of the company, therefore, it is related transaction.
Reason of the transaction : To comply by law
Please be informed accordingly,
Yours Sincerely,
Asian Property Development Public Company Limited
Mr.Pumipat Sinacharoen
Senior Vice President