07 Nov 2016 19:48:00
Resolutions of Board No. 6/2016 relating to connected transaction
Connected transaction The Transaction is also considered as connected transaction, as stated in the Notification of the Capital Market Supervisory Board No. TorChor 21/2551 re: Related Parties Transaction and the Notification of the Board of Governors of the Securities Exchange of Thailand re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions 2003 ("Notification of Connected Transactions"). According to the calculation of connected transaction value, the value of the Transaction of THB 225,043,454 is 2.11% of the Company's net tangible assets according to the Company's consolidated financial statements as of 30th September 2016. The Transaction value is between 0.03% and 3% of the net tangible assets of the Company. Therefore, the Company has duty to disclose the Board of Directors' approval of the Transaction and report the information to the SET as required by the Notification of Connected Transactions together with the attached document. ______________________________________________________________________ Acquisition and disposition of assets The Transaction is considered as asset acquisition transaction as stated in the Notification of the Capital Market Supervision Board No. TorChor 20/2551 re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and the Notification of the Board of Governors of the Securities Exchange of Thailand re: Disclosure of Information and Other Acts of Listed Company Concerning the Acquisition and Disposition of Assets, 2004 ("?Notification of Acquisition and Disposal of Assets"). According to the Notification of Acquisition and Disposal of Assets, the Company has to calculate the highest transaction value by four methods and to consider the required action to be taken. From the four methods, the highest transaction value is 1.29% of the Company's total assets, calculated from total value of consideration method. Since the Transaction value is less 15% and there is no issuance of securities in consideration, therefore, the Company does not need to take further action under the Notification of Acquisition and Disposal of Assets reporting requirement. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.