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Court's order on CAT-True Group Transaction


BackMay 23, 2011

IR 017/2011

23 May 2011

To: President The Stock Exchange of Thailand

Re: Court's order on CAT-True Group Transaction

Total Access Communication Public Company Limited (the "Company") would like to inform that, following the filing of a plaint by the Company with the Central Administrative Court on 25 April 2011 requesting the Court to revoke the resolution of the Board of Directors of CAT Telecom Public Company Limited ("CAT") and prohibiting CAT and its Board of Directors from performing its obligations under the HSPA service agreements (the "Project"), etc., and petitioning the Court to issue an injunction order requiring CAT to refrain from undertaking the Project, in particular the upgrading of the HSPA network, until the Court reaches its final judgment or orders otherwise, the Court had, on 19 May 2011, issued an order accepting for its consideration the Company's claim that the resolution of CAT's Board of Directors approving CAT to enter into the Project with True Corporation Public Limited Company Group is unlawful.

The Court, however, rejected the Company's request that the Court prohibit CAT and its Board of Directors from performing its obligations under the Project, etc. In this regards, the Court also rejected the Company's petition for the Court to issue an injunction order as the Court was of the view that the petition for an injunction order is relevant to the rejected claim.

 

The Company is considering the Court's order in order to determine further action.

 

Please be informed accordingly.

 

Sincerely yours

 

(Mr. Chavit Sangudomlert)
Head of Capital Market & Investor Relations
Total Access Communication Public Company Limited

 

Investor Relations: IR@dtac.co.th
Tel (66) 2 202-8882
www.dtac.co.th

Attachments

  • 2011-05-23_DTAC002_EN.pdf (Size: 75,193 bytes)