News Detail

Date/Time
28 Jan 2020 17:15:00
Headline
Notification on the subscription of the newly issued shares in Metro Professional Products Company Limited, a subsidiary of the Company
Symbol
MSC
Source
MSC
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SCO 002/2020


        January 28, 2020


Subject :    Notification on the subscription of the newly issued shares in Metro 
Professional Products Company Limited, a subsidiary of the Company
To :    Director and Manager of The Stock Exchange of Thailand

Notice is hereby given that the Board of Directors' Meeting of Metro Systems 
Corporation Public Company Limited (the "Company") No. 1/2020 held on January
28, 2020 resolved to approve  the Company subscription for newly issued shares
of Metro Professional Products Company Limited ("MPP"), a subsidiary of the
Company in which the Company holds 99.99 percent of the total shares as the
resolution as follows :
               Resolution : Approved the Company's purchase of newly issued shares 
of MPP which the Extraordinary General Meeting of MPP had resolution to increase
the registered capital from Baht 20,000,000 to Baht 50,000,000. The registered
capital was increased by another amount of Baht 30,000,000 which it divided into
300,000 ordinary shares with par value at Baht 100 per share. The details are
appeared as follows :
-    Date of transaction     :    Within January, 2020
-    Registered capital of Metro Professional Products Company Limited

Status    Registered capital (Baht)    No. of shares (shares)    Par Value
(Baht)
Before capital increase    20,000,000    200,000    100
After capital increase    50,000,000    500,000    100
    
-    Shareholding structure
Shareholder    Prior transaction    After transaction
    No. of Shares    Ratio (%)    No. of Shares    Ratio (%)
Metro Systems Corporation PLC    199,998    99.999    499,996    99.9992
Mr.Narong Charuvajana    1    0.0005    2    0.0004
Mr.Kitti Techathaveekijkul    1    0.0005    2    0.0004

-    Source of fund         :    Working capital of the Company
-    Purpose of investment    :    To use as working capital in MPP
-    Size of transaction        :    Since it is an investment to increase liquidity in MPP 
which is a subsidiary company. Therefore, this transaction is not subject to the
rules, conditions and procedures of the Stock Exchange of Thailand about the
disclosure of  information of connected transactions of listed companies and
other acts concerning the acquisition and disposition of assets of listed
companies.


Please be informed accordingly.




    Yours sincerely,
    Metro Systems Corporation Public Company Limited
    
                                                                   
    Sumateta Jitsiripol

      (Miss. Sumateta Jitsiripol)
                                        Corporate Secretary
______________________________________________________________________
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