News Detail

Date/Time
17 Sep 2020 08:34:00
Headline
Subscription and purchase of newly issued ordinary shares of Gulf Energy Development Public Company Limited
Symbol
STEC
Source
STEC
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                ST/2020/0431


September 17th, 2020


Subject:    Subscription and purchase of newly issued ordinary shares of Gulf 
Energy Development Public Company Limited

To:        The President
        The Stock Exchange of Thailand

The Board of Directors' meeting of Sino-Thai Engineering & Construction PCL 
("Company" or "STEC") No. 4/2020 held on September 10th, 2020 has passed the
resolution to approved the subscribe and the investment on newly issued ordinary
shares ("shares") of Gulf Energy Development Public Company Limited, which is
allocated to all existing shareholders in proportion to the ratio of 10 existing
ordinary shares per 1 newly issued ordinary share, under the selling price of
30 baht per share. Thus, the Company as the existing shareholder, has been
allocated 20 million shares, representing the capital increase of 600 million
baht. On September 16th, 2020, the company has paid for such additional shares.
The proportion of this investment is 1.88% of the total sum of the newly issued
ordinary shares after completion of capital increased in Gulf Energy Development
 Public Company Limited.


The company would like to inform such an investment information of the company 
to the Stock Exchange of Thailand to further distribute it to investors


Sincerely yours,




(Mr. Pakpoom Srichamni)
President
Sino-Thai Engineering & Construction PCL



Company Secretary Office:
Telephone: 0 2610 4900 ext. 1992, 1550
Facsimile : 0 2259 4427
______________________________________________________________________
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