News Detail

Date/Time
01 Mar 2017 18:03:00
Headline
Resolution of the Board of Directors Meeting No. 2/2017 (edit Template)
Symbol
APX
Source
APX
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                Capital Reduction

Subject                                  : Capital reduction by reducing par 
value
Date of Board resolution                 : 28-Feb-2017
Par value before capital decrease        : 1.00
capital (baht per share)
Par value after capital decrease (baht   : 0.25
per share)
Remark                                   :
The method and direction of writing off the accumulated loss of the company by 
decreasing par value capital and combining shares in the following manner:
The company shall decrease the registered capital by decreasing the current par 
value from 1.00 Baht per share to be 0.25 Baht per share and utilize the surplus
amount from the capital decrease to neutralize shares that are less than par
value and write off accumulated loss in that order. This will result in the
reduction of the company's registered capital from 2,999,850,000 Baht to
749,962,500 Baht, with the number of shares still maintained at 2,999,850,000
shares.
After the process of registering the decreased capital, the company will gather 
the shares of the companies of previous 2 shares to be one new share, then the
value of the share will be 0.5 Bath and the shares will be decreased from
2,999,850,000 shares to be 1,499,925,000 shares as according to criteria of SET.
The detailed procedures and deadlines were agreed to authorize the Board of 
Directors or the authorized signatory of the company is authorized as such, as
according to the laws and/or regulations. Furthermore, decreasing of authorized
capital and combining those shares must be considered for approval from the
meeting of the shareholders only. The Board has agreed to propose to
shareholders for approval during Annual General Meeting for the year 2017
______________________________________________________________________

Issuance and offering of debentures
______________________________________________________________________

Connected transaction

Policies on connected transactions of the company.
______________________________________________________________________

Dividend consideration

Subject                                  : Omit dividend payment
Date of Board resolution                 : 28-Feb-2017
Omitted dividend payment from            :
    Operating period from 01-Jan-2016 to 31-Dec-2016
______________________________________________________________________

Changing the Par Value

Subject                                  : Splitting the par value
Date of Board resolution                 : 28-Feb-2017
Old par value (baht per share) (Update)  : 0.25
New par value (baht per share)           : 0.50
Remark (Update)                          :
The method and direction of writing off the accumulated loss of the company by 
decreasing par value capital and combining shares in the following manner:
The company shall decrease the registered capital by decreasing the current par 
value from 1.00 Baht per share to be 0.25 Baht per share and utilize the surplus
amount from the capital decrease to neutralize shares that are less than par
value and write off accumulated loss in that order. This will result in the
reduction of the company's registered capital from 2,999,850,000 Baht to
749,962,500 Baht, with the number of shares still maintained at 2,999,850,000
shares.
After the process of registering the decreased capital, the company will gather 
the shares of the companies of previous 2 shares to be one new share, then the
value of the share will be 0.5 Bath and the shares will be decreased from
2,999,850,000 shares to be 1,499,925,000 shares as according to criteria of SET.
The detailed procedures and deadlines were agreed to authorize the Board of 
Directors or the authorized signatory of the company is authorized as such, as
according to the laws and/or regulations. Furthermore, decreasing of authorized
capital and combining those shares must be considered for approval from the
meeting of the shareholders only. The Board has agreed to propose to
shareholders for approval during Annual General Meeting for the year 2017
______________________________________________________________________

Meeting schedule of securities holders

Subject                                  : Schedule of Annual General Meeting of
 Shareholders
Date of Board resolution                 : 28-Feb-2017
Meeting date                             : 25-Apr-2017
Beginning time of meeting (h:mm)         : 14 : 00
Record date for the right to attend the  : 23-Mar-2017
meeting
Book closing date for collecting holders : 24-Mar-2017
 names under Section 225 of the 
Securities and Exchange Act
Ex-meeting date                          : 21-Mar-2017
Significant agenda item                  :
  - Omitted dividend payment
  - Connected transaction
  - The issuance of debentures
  - Change of par value
Venue of the meeting                     : Radisson Suites Bangkok Sukhumvit, 
23/2-3 Soi Sukhumvit 13
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.