SET Announcements
News correction that appeared in newspaper
11 November 2011
Clarification of News or Information
HAAD THIP PUBLIC COMPANY LIMITED
November 10, 2011
Subject: News Correction
Attention: The President
The Stock Exchange of Thailand
A piece of news appeared in "Than Hoon" newspaper on November 8, 2011 stating
that "Haadthip's year end performance should be in an upward position due to
spiking number of "Namthip" drinking water sales in Bangkok and other flooded
provinces"
We want to inform you and our stakeholders that our core business is to
manufacture carbonated drinks under Coca-Cola, Fanta, and Sprite brand and
distribute them in only our franchised 14 Southern Province territory starting
from Chumporn down, to the Thai-Malaysian Border. We are not manufacturing
"Namthip" branded water for distribution, but we purchase them from Thainamthip
Company Limited to complete our product lines in the Southern region. Recently,
three of Thainamthip manufacturing plants (whom we purchase drinking water from)
have been severely flooded and finally stopped their operations, resulting
sharply in 90% decline in their capacity to manufacture "Namthip" water. And we
have not been able to source the water from them.
Therefore, the news stated by " Than Hoon" newspaper that our 2011 financial
performance of Haadthip Public Company Limited will be improved due to high
sales of Namthip water in flooded area is incorrect.
We hope this clarifies the misleading information from "Than Hoon" newspaper on
November 8, 2011, due, perhaps, to some misunderstanding.
Yours Sincerely,
Sec. Lt.
(Phairoch Rattakul)
President & CEO
Office of the President & CEO
Tel. 0-2391-4488 Ext. 103
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