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- Initial Public Offering of 6 million shares were offered to the public at the price of 110 baht per share (10 baht par value)
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- Issued straight debentures of 1,800 million baht
- Offered right issued warrant of 8 million units at 70 baht per unit with the exercise price of 386 baht
- Private Placement of 4 million shares were offered to investors at the price of 285 per share
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- Issued secured FRN of US$ 40 million
- Issued straight debentures of 1,500 million baht
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- Issued convertible bonds of US$ 35 million due on 2001
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- Debt restructuring plan was approved
- Shares were resumed trading in the Stock Exchange of Thailand in Rehabco sector
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- Shares were upgraded to be traded in the Property Development sector
- Issued PF-W2 warrant of 53 million units to unsecured creditors (exercise every 6 months)
- Unsecured creditors converted their debt to equity with the total of 518 million shares at 10 baht par value
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- Creditors (both unsecured and secured) converted their final debts to equity
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- Exited from rehabilitation plan
- Reduced a par value from 10 to 6 baht (without any change in the number of outstanding shares)
- Issued 1.55 billion bath secored debentores c3 tranches with the maturities of 1.5 , 2 , and 2.5 years
- Dividend payment at 0.4 baht per share
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- Issued to GEMS, a private equity fund from Hong Kong US$ 20 Million convertible debenture (CD) or bht. 823 Million with 5 years matulity at fixed rate of 3.5% per annun. This is a fully- hedge CD by investor.
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