Sector and Industry Group Reclassification
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(-Translation-)
Ref. BTS 2118 /2010
May 7, 2010
Subject: Sector and Industry Group Reclassification
To: President
The Stock Exchange of Thailand
BTS Group Holdings Public Company Limited (formerly known as Tanayong Public
Company Limited) (the "Company") has operated in the real estate development
business and has been listed on the Stock Exchange of Thailand in Property
Development Sector under Property & Construction Group. However, recently the
shareholders of the Company resolved to approve the Company to purchase ordinary
shares of Bangkok Mass Transit System Public Company Limited ("BTSC") in the
amount equivalent to 94.60% of the total issued shares of BTSC from the
shareholders of BTSC (the "BTSC Share Acquisition") as per the details informed
earlier. BTSC is a company operating in the public transportation business.
The Company would like to inform that the Company has completed the BTSC Share
Acquisition on May 4, 2010. After the BTSC Share Acquisition, the Company has
not
yet had a plan to change the business of the Company or BTSC. The Company will
continue operating in its real estate development business and BTSC will
continue
operating in its public transportation business. However, the revenue from the
skytrain fares generated by BTSC will be the core revenue of the Company's
group in
the future where the revenue from the real estate development projects will be
in the
lesser proportion.
Accordingly, for the clear understanding and perception of the investors
toward the
change in the assets and core revenue of the Company, the Company would like to
request the Stock Exchange of Thailand to consider changing the Company's
trading
sector and industry to Transportation & Logistics Sector under Services Group to
correspond with the change in the assets and core revenue of the Company.
Please be informed and proceeded accordingly.
Yours sincerely,
BTS Group Holdings Public Company Limited
- Mr. Sutham Siritipsakorn / Mr. Rangsin Kritalug-
Directors