News Detail

Date/Time
07 Nov 2016 19:48:00
Headline
Resolutions of Board No. 6/2016 relating to connected transaction
Symbol
TASCO
Source
TASCO
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                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.
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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.
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