signs contract appointing leader managers, underwrite

Electricity Generating Plc (EGCOMP) reported that its had signed an agreement to appoint Bangkok Bank Plc and Finance One Plc as its financial consultants while appointing Union Asia Finance Plc and Thana One Finance and Securities Plc as leader managers and leader underwriters for the public offering of its new common shares to local investors. During the mandate signing cermemony held yesterday at Grand Hall Room of Sadhorn City Tower,BBL and J.P. Morgan Securities Asia Limited were also appointed lead arrangers to raise long-term loans in US dollar denomination for use as working capital and VAT. In addition, EGCOMP it will officially appoint J.P. Morgan Securities Asia Limited and Yamaichi Merchant Bank (Singapore) Limited as joint lead manager to handle the fund-raising for the new ordinary shares overseas, the company said in a filing to the SET. The ceremony was in line with the resolution reached by EGCOMP board of directors at meeting no 12/2538 on August 22, 1995, during which the board approved the proposal to apppoint BBL, UAF, FIN1, J.P. Morgan Securities Asia Limited and Yamaichi Merchant Bank (Singapore) Limited as lead managers and underwriters, directly or through its associates or subsidiaries, for the public offering of ECOMP's capital increase shares. The board also agreed to appoint BBL and J.P. Morgan Securities Asia Limited as lead managers to secure a syndicated loan in US$ denomination for Khanom Electricity Generating Company, a subsidiary set up by EGCOMP to buy the Khanom Power Plant from the Electricity Generating Authority of Thailand (EGAT). Translated by The Nation