News Detail

Date/Time
11 Dec 2019 18:07:00
Headline
Report of the Asset Acquisition
Symbol
S
Source
S
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                Acquisition or disposition of assets

Singha Estate Public Company Limited ("the Company") would like to report the 
asset acquisition according to the resolution of the Board of Directors' meeting
 No. 7/2562 held on 14 November 2019 with the following information.
Transaction Date    : 11 December 2019
Acquisition by: S Residential Development Co., Ltd.
(the subsidiary company with 99.99% share held by the Company)
Transaction Detail: Purchase of 771,750 ordinary shares in S43 Property Company 
Limited ("S43"), which accounts for 49% of the total shares of S43, at
approximately Baht 147.289 per share, totaling Bath 113,670,000
Objective: For the purpose of company administration
Considering the relevant laws and regulations, the transaction can be concluded 
as the followings.

1.    The transaction is defined as the asset acquisition pursuant to the 
Notification of the Capital Market Supervisory Board TorChor. 20/2551, Re: Rules
on Entering into Material Transactions Deemed as Acquisition or Disposal of
Assets and as amended, and the Board of Governors of the Stock Exchange of
Thailand of Disclosure of Information and Other Acts of Listed Companies
Concerning the Acquisition and Disposition of Assets, 2004 and as amended
("Acquisition and Disposition of Assets Notifications"). The acquisition
equivalent to 0.26% of the value of net tangible assets which is a maximum
transaction value calculated from the reviewed consolidated financial statements
for the nine-month period ended on 30 September 2019. The Company has not
entered any acquisition of investment during the past 6 months and the sum of
all the transaction constitutes a Class 1 - Acquisition and Disposition of Asset
Transaction with values less than 15%.  Therefore, the Company are not required
 to perform any disclosure under the obligation of such Notification.

2.    The above-mentioned asset acquisition is not classified as connected 
transaction under Notification of the Capital Market Supervisory Board No.
TorChor. 21/2551 Re: Rules on Connected Transactions, and the Notification of
the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of
Information and Other Acts of Listed Companies Concerning the Connected
Transactions, 2003 (including any amendment thereto) because the transaction did
not engaged with any connected person of the Company nor of subsidiary, and not
constitute any conflict of interest. Therefore, the Company are not required to
 perform any disclosure under the obligation of such Notification.

Please be informed accordingly,
______________________________________________________________________
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