CPN Pattaya Beach Co., Ltd. A resolution was passed by the extraordinary shareholders’ meetings of CPN Pattaya Beach Company Limited (“the Subsidiary”) held on 15 January 2007 and 31 January 2007 approving to increase its capital by issuing 14.99 million shares, par value of Baht 100 each, and calling for payment of 25% of the par value, amounting to Baht 375 million. The Subsidiary registered the increase in paid-up share capital with the Ministry of Finance on 2 February 2007. On 16 December 2008, the Subsidiary called for the remaining unpaid capital of 75% of the par value, resulting in fully paid up share capital at Baht 100 par value, amounting to Baht 1,128 million.
Central Pattana Chonburi Co., Ltd. At the Board of Directors’ meeting of the Company held on 20 February 2008, the Board of Directors approved to acquire an additional 40% of the ordinary shares in Central Pattana Chonburi Co., Ltd. (“CPC”), a jointly controlled entity in which the Company then held 59.99%, from Ocmador Thailand B.V., which then held 40% of the total shares in CPC for Baht 35 million. After the shares purchase, the Company holds 99.99% of CPC. The Company completed the purchase on 25 March 2008.
CPN Pattaya Beach Hotel Co., Ltd. On 11 February 2008, the management of the Company approved to acquire 100% of the issued share capital of CPN Pattaya Beach Hotel Co., Ltd. (“the Subsidiary”) from Central Friend Co., Ltd., comprising 9,993 shares, at Baht 31.155 per share, amounting to Baht 0.3 million. On 30 December 2008, the Subsidiary called for the remaining unpaid capital of 75% of the par value, resulting in fully paid up share capital at Baht 100 par value, amounting to Baht 0.7 million.
CPN Construction Management Co., Ltd. At the Board of Directors’ meeting of the Company held on 14 May 2008, the Board of Directors approved to acquire 100% of the issued share capital of CPN Construction Management Co., Ltd., comprising 9,993 shares, at Baht 100 per share, amounting to Baht 1.0 million.
CPN Retail Growth Property Fund During the year 2007, the Company invested in an additional 0.33% of the total issued investment units of CPN Retail Growth Property Fund for Baht 33.2 million.