Report of the utilization of capital increase from IPO

BackJul 29, 2009

(Translation)

28th July 2009

Subject : Report of the utilization of capital increase from IPO

To : The President The Stock Exchange of Thailand

Regarding to Asiasoft Corporation Public Company Limited ("the Company") issued new shares for capital increase by initial public offering ("IPO") of 75 million shares, during the period at 20th - 22nd May 2008 at the IPO price of Baht 12 per share, totaling net amount of Baht 871 million after deduction of the offering expenses.

The Company would like to report of its utilization of capital increase from IPO at the end of 30th June 2009 as following:

(Baht million)

Objective of spending capital
Amount under
Utilization
projection
Actual
spending
Accumulated
Actual
spending
between
January –
June 2009
Unused
spending
1. Investment of online game service in Vietnam and Malaysia and expansion to relative business
200.00
20.50
-
179.50
2. Acquire new license of online game
400.00
129.50
55.27
215.23
3. Additional investment in servers and computer systems for improving service efficiency
100.00
7.10
13.49
79.41
4. Development of online game
70.00
5.00
-
65.00
5. Working capital
101.00
-
30.00
71.00
Total
871.00
162.10
98.76
610.14

Therefore, all amount of remaining capital was Baht 610.14 million.

 

Please be informed accordingly.

 

Yours faithfully,

 

(Mr. Lertchai Kanpai)
Managing Director

 

Attachments

  • 2009-07-29_as001E.pdf (Size: 59,160 bytes)