News Detail

Date/Time
23 Jul 2018 12:53:00
Headline
Notification of the entire business transfer, the results of the allotment of securities to the specific investor under a private placement basis and the change of the paid-up registered capital of Hydrotek Public Company Limited
Symbol
HYDRO
Source
HYDRO
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                (Translation)
No. 058/0761
July 23, 2018
Subject:    Notification of the entire business transfer, the results of the 
allotment of securities to the specific investor under a private placement basis
and the change of the paid-up registered capital of Hydrotek Public Company
Limited
Attn.:    President
Stock Exchange of Thailand
Ref.:    Information Memorandum of Hydrotek Public Company Limited No. 024/0461 on 
the Notification of the Resolutions of the Board of Directors' Meeting No.
6/2018
Re: Determination of the Date of the Extraordinary General Meeting of the 
Shareholders No. 1/2018, the Acquisition of Assets and the Entry into the
Connected Party Transaction in respect of the Transactions of the Entire
Business Transfer and Allocation of Securities to the Specific Investor under a
Private Placement Basis dated April 4, 2018
Reference is made to the Extraordinary General Meeting of the Shareholders
No. 1/2018 of Hydrotek Public Company Limited (the "Company"), convened on May 
10, 2018, approved the purchase and acceptance of the entire business transfer
from SUTG Holding Company Limited ("SUTGH") including the entry into the
relevant agreement thereto whereby the Company will issue 195,000,000
newly-issued ordinary shares at the par value of THB 1 per share to the specific
investor under a private placement basis to be offered for sale to SUTGH at the
 offering price of
THB 1 per share, including the issuance and offer for sale of the convertible 
debentures in the amount of THB 265,000,000 to SUTGH at the face value of THB
1,000 per unit for which the Company will issue 185,314,690 newly-issued
ordinary shares at the par value of THB 1 per share to accommodate the
conversion of such convertible debentures, the details of which are shown in the
 referred Information Memorandum (the "Entire Business Transfer Transaction").
The Company hereby inform that on July 20, 2018, the Company signed the 
agreements relating to the Entire Business Transfer Transaction and carried out
the following matters:
1.    The Company accepted the transfer of business from SUTGH, by means of the 
entire business transfer, i.e. 132,000 shares of SUT Global Company Limited
("SUTG") held by SUTGH, or equivalent to 66.00 percent of the issued and paid-up
 share capital of SUTG, having a par value of THB 100 per share;
2.    The Company allocated 195,000,000 newly-issued ordinary shares at the 
offering price of THB 1 per and 265,000 units of convertible debentures at the
offering price of THB 1,000 per unit to SUTGH; and
3.    The Company registered the change of its paid-up registered capital in the 
amount of THB 195,000,000 in respect of the newly-issued ordinary shares with
the Ministry of Commerce.
At present, the registered capital of the Company is THB 970,283,450 and the 
paid-up registered capital of the Company increased from THB 589,968,760 to THB
784,968,760 divided into 784,968,760 ordinary shares at the par value of THB 1
per share.
Please be informed accordingly.
  Sincerely yours
Hydrotek Public Company Limited
       -Signed-
Mr. Slib Soongswang
Chief Executive Officer
  Authorized Signatory
______________________________________________________________________
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