denies rumours on debenture issuance

Electricity Generating Plc (EGCOMP) flatly denied a rumour that the company is to mobilize funds by issuing convertible debentures with a conversion price of Bt70. In a filing to the Stock Exchange of Thailand (SET), EGCOMP clarified the published report which said the company's share prices had increased because of news on the purchase of its Kanom power plant. There has also been another rumour regarding its independent power producer (IPP) bid saying that the company is to mobilize funds to purchase the power plants. This fueled rumors that the company would mobilize funds by issuing convertible debentures with a converstion price of Bt70. EGCOMP today insisted that the company was not the source of this news and that the company had not provided any further information aside from that already reported to the SET. The company made a particular point of denying the news on the issuance of convertible debentures. Translated by the Nati