Ref: SEAFCO-09-015
Date 3rd July 2009.
Subject: Judgment of South Bangkok Civil Court regarding dismissing the case of Seafco's wrongful act charge
Attention: President Stock Exchange of Thailand
Seafco Public Company Limited would like to inform that Texwatch Company Limited accused Seafco, as defendant no.1, and another one of having a wrongful act in case that Seafco's bored piling construction of Millennium Residence soi Sukhumvit 18 project did a damage to Texwatch. Texwatch filed a complaint to South Bangkok Civil Court to claim Seafco for the damage of THB. 25,050,000.-(Twenty Five million and fifty thousand baht). And Seafco called for Phatra Insurance Public Company Limited to be a co-defendant.
In company report 56-1 year 2008 in legal dispute subject, item no. 7.2 and in company financial report of first quarter year 2009 in liabilities and debts subject, in item no. 22.3, Seafco reported that the company executives trusted that this charge would not cause the company any damages.
In 2nd July 2009, the court decided to dismiss the case.
For your information.
Your sincerely,
SEAFCO PUBLIC COMPANY LIMITED.
Narong Thasnanipan
President
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