13 Jun 2019 17:12:00
The Establishment of the Joint Venture Company (Revised)
- Translation - No. 051/2019/037 12 June 2019 Subject: The Establishment of the Joint Venture Company (Revised) To: The President, The Stock Exchange of Thailand Central Pattana Public Company Limited ("the Company") would like to inform the establishment of the joint venture company between the Company and HKL (Thai Developments) Company Limited ("HKL") (HKL is a subsidiary of Hongkong Land Group and HKL is not the connected person with the Company. Details are as follows: Name of the Joint Venture Company: CPN and HKL Company Limited Objective: To study the development of the mixed-use project Registered Capital: Baht 1,000,000 (One Million baht) with ordinary share capital of 10,000 shares (Ten Thousand shares) at a par value of Baht 100 (One Hundred baht) each Shareholding Proportion: - Central Pattana Public Company Limited holds 51% of shares - HKL (Thai Developments) Company Limited holds 49% of shares In this regard, such entering into the joint venture 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.