News Detail

Date/Time
13 Jun 2019 17:12:00
Headline
The Establishment of the Joint Venture Company (Revised)
Symbol
CPN
Source
CPN
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                - 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.