O BE MOVED TO PROPERTY DEVELOPMENT SECTOR

STECON TO BE MOVED TO PROPERTY DEVELOPMENT SECTOR Previously, the Board of Governors of the Stock Exchange of Thailand (SET) adjusted its procedures and guidelines for listed companies possibly transferring from the REHABCO sector back to their regular sectors. In this vein, listed companies have to have a positive shareholders equity, and show net profits after tax deriving from its core business operations for at least one quarter. If these requirements are met, the qualified company must then submit a petition to the SET. Sino-Thai Engineering & Construction Public Company Limited (STECON) has submitted to the SET a petition requesting such a sector change. The company's financial statements as of 31 March 2001 show its shareholders equity at 1,509 million baht, and its net profits after tax deriving from its core business operations at 63 million baht, which meets SET's rules and specification requirements. Therefore, the SET will move STECON from the "REHABCO" sector to the "PROPERTY DEVELOPMENT" sector in the SET's trading system, effective from 6 June 2001 onward. STECON/E-STECON.TXT