Need to read very carefully....another Thai co. stetting up a...

Need to read very carefully....another Thai co. stetting up a subsidiary in Singapore.

The establishment of a new subsidiary in Singapore per following details:

1. Transaction Date July 30, 2014
2. Company Name BCP Energy International Pte. Ltd. (“BCP Energy”)
3. % of shareholding The Company holds 100%
4. Initial Registered Capital USD 100,000 (exchange rate USD 1 equivalent to approximately Baht 32)
5. Type of Business Energy, petrochemical and natural resources
6. Investment Objective For the purpose of overseas investment, trading, operation and management of the energy, natural resources and petrochemical businesses
7. Source of Funds Cash reserves of the Company

After the establishment of the new subsidiary, the Company plans to increase the registered capital of BCP Energy equivalent to approximately AUD$ 22.2 million (exchange rate AUD$ 1 equivalent to approximately Baht 30), for the purpose of funding for the acquisition of Nido shares from PIIC, the details of which are below.

And further on under The entry into a Share Sale Agreement with PIIC...

6. Expected Benefits from the Investment
The Company expects that the Transaction above will support increase of the Company's revenue, net profit and stable cash flow in long-term, as well as expand the business and diversify the risk into the international market.

Definitely more to come...we await to see what the plan is.