News Detail

Date/Time
30 May 2019 17:08:00
Headline
The Investment in the Subsidiary and the Joint Venture Company
Symbol
CPN
Source
CPN
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                - 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
______________________________________________________________________
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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
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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.