30 May 2019 17:08:00
The Investment in the Subsidiary and the Joint Venture Company
- Translation - No. 051/2019/034 30 May 2019 Subject: The Investment in the Subsidiary and the Joint Venture Company To: The President, The Stock Exchange of Thailand Central Pattana Public Company Limited ("CPN") would like to inform the investment in the subsidiary and the joint venture company with objectives to invest in Grab businesses in order to develop the business cooperation and to support the business operation according to the Company's strategy. Details are as follows: 1) Investment in Subsidiary Name of the Subsidiary Company: Chipper Global Limited Registered Capital: USD 65,800,000 (sixty-five million eight hundred thousand USD) with ordinary share capital of 32,900 shares (thirty-two thousand nine hundred shares) at a par value of USD 2,000 (two thousand USD) each. Investment Ratio: Central Pattana Chiangmai Company Limited shall make an investment in Chipper Global Limited by holding 100% of shares. (Central Pattana Chiangmai Company Limited is the subsidiary in which CPN holds 100% of shares.) 2) Investment in Joint Venture Company Name of the Joint Venture Company: Porto Worldwide Limited Registered Capital: USD 199,301,000 (one hundred ninety-nine million three hundred one thousand USD) with ordinary share capital of 199,301,000 shares (one hundred ninety-nine million three hundred one thousand shares) at a par value of USD 1 (one USD) each. Investment Ratio: Chipper Global Limited and Hillborough Group Ltd., the subsidiary in which Central Retail Corporation Company Limited (a company under the Central Group) holds 100% of shares, shall make an investment in Porto Worldwide Limited with the shareholding ratio of 33:67 respectively. 3) Shareholding Structure of the Subsidiary and the Joint Venture Company according to No. 1) and 2) In this regard, such transaction is not classified as a connected transaction as defined by applicable notifications of the Capital Market Supervisory Board and the Board of the Stock Exchange of Thailand. In addition, the size of such transaction does not fall within the meaning of an acquisition of assets under the Notification of the Capital Market Supervisory Board No. ThorChor 20/2008 Re: Rules for Entering into Significant Transactions deemed as Acquisition or Disposal of Assets, dated 31 August 2008 (as amended) and the Notification of the Board of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, B.E. 2547 (2004), dated 29 October 2004 (as amended). Your acknowledgment of this matter would be appreciated. Sincerely, -Ampawee Chompoopongkasem- (Ms. Ampawee Chompoopongkasem) 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.