09 Nov 2018 19:36:00
Leave a joint venture with SE-ED Book Center Co., Ltd.
SE-EDUCATION PUBLIC COMPANY LIMITED (the Company) had invested in SE-ED Book Center Co., Ltd. (the Subsidiary) with registered capital and paid-up capital in the amount of THB 1,000,000 in which the Company held 100,000 shares at the par value of THB 10 or 99.99% since 2001. Now SE-EDUCATION PUBLIC COMPANY LIMITED would like to inform that the Meeting of the Board of Directors No. 4/2018 dated 9 November 2018 passed a resolution approving the Company to cancel the joint venture and acknowledgement of the registration of said business above. The Management shall appoint a liquidator to complete the liquidation accordingly. However, the cancellation of joint venture and the registration of liquidation will not affect the operation and financial statement of SE-EDUCATION PUBLIC COMPANY LIMITED and its bookstore chain store under the name SE-ED Book Center because such business has no performance. It was only a registration in the business system of the Department of Business Development. The Company still has the right to the trademark and service marks under the name SE-ED Book Center in full force. SE-EDUCATION PUBLIC COMPANY LIMITED informs that this transaction has not affected to the Company's business and not considered to be a connected transaction in accordance with the Notification of the Capital Market Supervisory Board No.Tor Jor 21/2551 re: Rule concerning Connected Transactions and the amendment and the notification of the Board of Governor of the Stock Exchange of Thailand and not trigger the reporting requirement for the acquisition of assets of listed companies under the Notification of Capital Market Supervisory Board. Please be informed accordingly and kindly disseminate the information herein to investors. Sincerely yours, Mr. Viboolsak Udomvanich Deputy Managing Director and Company Secretary ______________________________________________________________________ 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.