PHUKET PASS PROJECT LIMITED
Last updated April 5, 2003

Phuket Pass Project Limited is the company that was given the contract for the expensive study of the Kra Canal Project. It first surfaced in the news on August 8, 2002 when it was reported the company would receive the canal study project. The Companies Registry in Hong Kong now informs 2B that this was less than one month after the company was incorporated: ...Phuket Pass Project Limited (CR No.: 805288)... was incorporated as a limited company in Hong Kong on 10 July 2002 and is still on the register of companies maintained by this Registry as at the date hereof. After protests from other companies bidding on the study (most of which were companies with track records and past expertise), the issue disappeared from the news until January 2003, when it was again announced that Phuket Pass Project Ltd. would be doing the study.

"The Share capital of the Company is HK$10,000.00 divided into 10,000 shares of HK$1.00 each..." (HK$10,000 is about 55,000 baht)

Company number: 805288

According to the documents offices are located at 46 Wyndham Street, Central, Hong Kong. 46-48 Wyndham Street is the address of a 23 story highrise called Winning Centre. It is not stated what unit in the highrise houses Phuket Pass offices.

More on Phuket Pass Project - April 5, 2003
Leong Weng Kee, a Director of Phuket Pass Project Limited comments: I assisted Dr. Adisak Techaadisak to establish a special purpose vehicle (SPV), namely Phuket Pass Project Limited, Hong Kong, to enable sponsors cum investors to sponsor the Full Feasibility Study of the Kra Canal Project. The objective of the sponsors cum investors is obviously to bid for the Concession Contract should the study proved the project to be feasible and in the interests of the Government and the people of Thailand. This is of course subject to the final approval of the Cabinet. For more information, I would suggest you kindly contact: Dr. Adisak Techaadisak, Chairman and CEO, Phuket Pass Project Limited, 333 Lao Peng Nguan Tower 1, Floor 25 Soi Choei Phuang, Vibhavadrangsit Road, Ladyao, Jatujak, Bangkok 10900, Tel: 662-6188581-5, Fax: 662-6188586.

There has been some confusion in the international press as to who is on the board. Here are the three shareholders and directors:

Adisak Dechnitirat
World Residence Service Apartment
58 Soi Charoenrat 4
Charoenrat Raod
Klongtonsai Klongsan Bangkok 10600
Thailand

Don Hon Tung Chan
151A King's Road #12-03 Farrer Court
Singapore 268158

Leong Weng Kee (some press reports write this name as "Leong Wangkee")
151A King's Road #12-03 Farrer Court
Singapore 268158

Six days after the company was set up, Sakae Torisawa was added as a director:

Torisawa Sakae
1-3-24 Imagawa Urayasu
Chiba, Japan

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