Notify special resolution of the Board to sell Q-CON shares

BackFeb 23, 2010

ASIAN PROPERTY DEVELOPMENT PLC.
NEWS RELEASE

22 February 2010

Re : To notify the special resolution of the Company's Board of Directors on the sale of investment in Quality Construction Products Public Company Limited

To : Director and Manager, the Stock Exchange of Thailand

We, Asian Property Development Plc. ("the Company"), would like to notify the special resolution of the Board of the Directors on the sale of investment in Quality Construction Products Public Company Limited ("Q-CON"). The special resolution, approved by the Board of the Directors of the Company on 18 February 2010, is to achieve the condition stated in the Memorandum of Understanding which the Company has entered to sell shares in Quality Construction Products Public Co., Ltd. with SCG Building Materials Co., Ltd. on 6 February 2010.

Please be informed accordingly

Sincerely Yours,

 

(Mr. Pichet Vipavasuphakorn)
Managing Director

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