23 Nov 2020 13:18:00
Notification of the result of the agreement for sale and purchase of shares under Memorandum of Understanding (MOU) to study the possibility of sale and purchase of shares in Nirvana Daii Public Company Limited
Acquisition or disposition of assets The Company would like to inform that the Company and Major Shareholders in NVD have entered into the MOU on 14 August 2020 to study the details and possibility concerning both parties' shareholdings in NVD. Both parties had proceeded in accordance with terms and conditions of the MOU and, on 23 November 2020, it was concluded that the Company is the seller of shares in NVD for 711,855,320 shares, which is equivalent to 51.56 percent of the total paid-up capital of NVD, at the price of 2.52 Baht per share or in a total of Baht 1,793,875,406.40. It is anticipated that the Company and Major Shareholders will complete the sale and purchase of shares according to the aforementioned number of shares and price within December 2020. After the sale and purchase of ordinary shares in NVD, NVD will cease to be the Company's subsidiary. ______________________________________________________________________ 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.