18 Jan 2021 12:32:00
The office rental agreement renewal (Edit) (Connected transaction regarding 3 years real estate rental transaction)
Connected transaction Date of transaction : January 4, 2021 Detail of related parties : Lessor: Chonburi Concrete Product Public Company Limited ("CCP") / the major shareholder who hold the Company's paid up shares at 73.14% (direct and indirect) (as of recently record date of May 22, 2020) Lessee : Smart Concrete Public Company Limited ("the Company" "SMART") Type of transaction : Renewal of property rental agreement Detail of property : The area of basement(partial), 1st floor, 2nd floor and 3rd floor(partial) Located at No.24 Bangna Complex Soi Bangna-trad 25, Bangnanuea, Bangna, Bangkok 10260 Rental period : 3 Years Duration : January 3, 2021 - January 2, 2024 Rental rate : THB 128,400 per month (inclusive VAT) Total amount of contract equal to THB 4,622,400 (inclusive VAT), rental rate is equal to previous contract. Term of payment : Monthly payment Pricing criteria : Rental rate was agreed as same rate as previous contract when being compared to the market rate of office rental nearby located in Bangna Complex. Rental purpose : To be used as the Company's office in Bangkok which it has used since started business. Total value of the transaction and the criteria of determination : It is deemed as a connected transaction according to the Notification of the Capital Market Supervisory Board TorJor 21/2551, regarding Ruled relating to connected transaction, and the SET Notification, regarding Disclosure of information and the conduct of listed company in related party transaction B.E.2546. Type of connected transaction : The short-term real estate rental (<3 years). Transaction size : a medium sized transaction which over THB 1.00 million but less than THB 20.00 million (calculated comparing NTA amount of THB 499.36 million from reviewed financial statements as of September 30, 2020). The Company has no other transaction with this connected person within 6-month prior enter this transaction. This transaction could approve by the management (as per the Company's table of authority state that base on the Executive Committee's approval) and has to be disclosed the information to the Stock Exchange of Thailand. Opinion of Executive Committee : The transaction is necessary to the Company for the flexibility of sale department and accounting department to contact with partners or related agencies in Bangkok and CBD. The rental rate is reasonable and close to the market price compared to the market rate of office rental nearby located in Bangna Complex. ______________________________________________________________________ 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.