Thailand Financial News

LSF5 Accredited Investments, LLC (”Lone Star”), a subsidiary of Lone Star Fund V (U.S.), L.P., has announced that it is extending its tender offer for all outstanding shares of common stock of Accredited Home Lenders Holding Co. (NASDAQ:LEND) (the “Company”) until 12:00 midnight on September 12, 2007, in accordance with Lone Star’s obligations under the merger agreement with the Company.

On August 10, 2007, Lone Star filed with the Securities and Exchange Commission (”SEC”) an amendment to its Tender Offer Statement in which it indicated that, as of that date, the Company had not satisfied all of the conditions to the closing of the tender offer in light of, among other things, the drastic deterioration in the financial and operational condition of the Company.
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TRIS Rating Co., Ltd. has affirmed the company rating Khon Kaen Sugar Industry PLC (KSL) at “A-” with “stable” outlook. The rating reflects the company’s long track record in the Thai sugar and sugarcane industry, its efficient sugar plant operations, downstream integration into value-added products, and a healthy balance sheet.
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NEW COMPANY… MELBOURNE: Cancer Therapeutics CRC Pty Ltd has commenced operations as one of the largest public/private partnerships of its type in the world. FASHION TV… VIENNA: The 10-year anniversary of broadcaster Fashion TV, founded by Michel Adam in 1997, is being celebrated with a worldwide series of events, including fashion shows, model contests, parties, DJs and celebrities, on board the exclusive FASHION TV mega yacht F-DIAMOND.
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Oracle Corporation (Thailand) Co., Ltd, together with Chiang Mai Chamber of Commerce and its local Independent Software Vendors (ISVs), recently organised a seminar on “Solutions Day on Windows” for SMBs in Chiang Mai. The half-day session aims at providing technical knowledge on Oracle Technology Solutions for SMB, including Service Oriented Architecture (SOA), Business Intelligence, Human Resources Management System and Accounting and Finance Solutions.
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Thailand’s Minister of Finance, Dr. Chalongphob Sussangkarn Ph.D., chaired the opening ceremony at this year’s inaugural Shareholders’ Day, and distributed shareholder awards to 10 outstanding listed companies and three individual shareholders. The event promotes good governance, with particular emphasis on shareholders’ rights.

Thailand Securities Depository Co., Ltd.
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THAI CONSUMERS OPT FOR SELF-MEDICATION OVER DOCTOR’S APPOINTMENT

Key findings from a global health survey conducted by The Nielsen Company has found that headaches, sleeping problems and sore throat are the most common ailments of Thai consumers, and when it comes to their treatment, nearly half of them reach for their usual “tried and tested” medication at home before visiting a doctor.
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Credit Suisse announced that it has appointed Robert Jesudason as a Managing Director and Head of the Financial Institutions Group for Asia ex-Japan. Mr. Jesudason will be based in Hong Kong and will report to Vikram Gandhi, Head of the Financial Institutions Group based in New York, and Paul Raphael, Head of the Investment Banking Department for Asia Pacific ex-Japan.

Mr.
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Maybank will be launching a slew of new card benefits to target Singaporean visitors travelling to Malaysia for business and leisure. This is intended to boost overseas credit card transactions in Malaysia by 30% a year.

This campaign will be launched in conjunction with the Maybank-sponsored conference on Business Opportunities in Malaysia cum dialogue session with Malaysia’s Minister of International Trade and Industry, Dato’ Seri Rafidah Aziz, on 28 August 2007 in Singapore.
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First National Bancshares, Inc. (”First National”) (NASDAQ:FNSC) and Carolina National Corporation (”Carolina National”) (NASDAQ:CNCP) have jointly announced that they have entered into a definitive agreement to merge, creating a premier community banking franchise in the state of South Carolina.

Jerry L.
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First BanCorp (NYSE:FBP) has announced the completion of its sale of 9.250 million shares of First BanCorp’s common stock to Scotiabank (TSX, NYSE: BNS) in a private placement. Scotiabank has funded the transaction paying $10.25 per First BanCorp common share, for a total purchase price of approximately $94.8 million.
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