Padaeng Industry Plc (PDI) reported the resolutions made at the board meeting No.4/2537 on August 25, 1994 to sell shares in Nation Fertilizer Corporation,and to acknowledge the MoU signing with Ban Pu Plc and the contract signing date with the Lao government. The board firstly approved plans to sell shares in National Fertilizer Corp of 326,950 to the Finance Minister at the par value price of Bt100 worth a total of Bt32.695 million. After the sale, the holding stake in National Fertilizer Corp will be reduced from 24.37% to 19.34%. The company will propose to sell the all the remaining shares to the Finance Ministry later. In addition, the board also acknowleged the signing of Memorandum of Understanding (MoU) with Ban Pu Plc on August 24, 1994 in order to jointly survey for base metals and associated minerals in the area of Wangwiang, Vientien, Laos. If the exploration proves to be satisfactory and the area can be developed for a mining business, the company will consider the joint investment later. Finally, the board also acknowleged the contract signing date for the base metals and associated minerals survey in the area of Wangwiang Vientien, Laos with the Committee for Planning and Cooperation of the Prime Minister's Office of Laos on August 26, 1994. The exploration project will take 2 years. If it proves to be satisfactory, the company will conduct a feasibility study and develop a mine later. Translated by the Nati