(Translation)
No. Tor.Hor. 023/2022
June 10, 2022 | |
Subject | : Investing in Ordinary Shares of King Square Development Co., Ltd. (Revised) |
Attention | : Director and Manager of the Stock Exchange of Thailand |
The Board of Directors Meeting No. 5/2022 of Thanulux Public Company Limited held on June 10, 2022 had approved to invest 160,000 ordinary shares of King Square Development Co., Ltd. at Baht 1,000 per share, totally Baht 160,000,000 or 20% of registered capital. Transactions details are described as follow:
(1) | Transaction date | : | Within June, 2022 | |
(2) | The parties involved | |||
- | Seller | : | King Square Development Co., Ltd. | |
- | Buyer | : | Thanulux Public Company Limited | |
- | Related Persons | : | - None - | |
(3) | General Information | |||
- | Company's Name | : | King Square Development Co., Ltd. | |
- | Location | : | Bangkok, Thailand | |
- | Registered Capital | : Baht 800,000,000 divided into ordinary share 800,000 ordinary | ||
shares at par value Baht 1,000 |
- Registered the Memorandum : May 25, 2022 of Association
- | Type of Business | : | Real estate development for sale and rent |
(4) Investment Proportion (Shareholding Proportion) | |||
- | Before Investment | : | - None - |
- | After Investment | : 160,000 ordinary shares or 20% of registered capital, this is not | |
considered as an associated company. | |||
The Shareholding Structure of King Square Development Co., Ltd. | |||
consisted of : |
Name | Shareholding Proportion (%) | |
Tokyu Corporation | 35.00 | |
Thanulux Public Company Limited | 20.00 | |
Other Companies | 45.00 | |
Total | 100.00 |
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(5) | Totaling Return | : 160,000 ordinary shares of King Square Development Co., Ltd. | |
at par value Baht 1,000 amounting to Baht 160,000,000. | |||
(6) | Expected return | : | Gain an opportunity to invest in new business and dividends. |
(7) | Source of Fund | : | Company's working capital. |
(8) | Interested directors | : | - none - |
(9) | Opinions by the company's | : Approved to invest 160,000 ordinary shares of King Square | |
Board of Directors | Development Co., Ltd. at Baht 1,000 per share, totally Baht | ||
160,000,000 for managing excess liquidity and gaining | |||
opportunity to invest in new business expecting good | |||
business growth. | |||
(10) | Opinions by Audit Committee | : | - none - |
and/or director with significant | |||
differences from the Board of | |||
Directors | |||
(11) | Transaction size | : | This transaction is not considered as connected transaction |
according to the notification of the Capital Market Supervisory Board No. Tor Jor.21/2551 (2008) on the rules of the connected transactions and is not acquisition or disposition of listed company's assets to the notification of the Capital Market Supervisory Board
As of March 31, 2022, 0.03% of NTA is Baht 1.18 million and 3% of NTA is Baht 117.78 million.
Please kindly acknowledge.
Faithfully Yours,
Dusadee Soontrontumrong
(Miss Dusadee Soontrontumrong)
Chairman of Executive Committee
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