17 Sep 2020 08:34:00
Subscription and purchase of newly issued ordinary shares of Gulf Energy Development Public Company Limited
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 ______________________________________________________________________ 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.