The total cash consideration for the Acquisition is approximately Baht 114.5 million, whereby full payment will be subject to the satisfaction of conditions in the definitive agreements. This figure was arrived at pursuant to negotiations between parties on a willing buyer, willing seller basis, taking into consideration, inter alia, the discounted cash flow analysis, comparable company analysis, management experience of the target business, as well as the potential for growth of the food business in Thailand.
The Acquisition was funded with internally generated cashflow and is not expected to have any material adverse impact on the earnings per share or the net tangible assets per share of THBEV for this current financial year.
To the best knowledge of the directors of THBEV (the 'Directors'), none of the Directors or substantial shareholders of THBEV has any interest, direct or indirect (other than through their respective shareholdings in THBEV), in the Acquisition.
Please be informed accordingly.
Yours faithfully,
Nantika Ninvoraskul
Company Secretary
Thai Beverage pcl published this content on 03 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 October 2017 10:54:09 UTC.
Original documenthttp://thaibev.listedcompany.com/news.html/id/605522/group/newsroom
Public permalinkhttp://www.publicnow.com/view/5A9B9E942E945A1808940905C58196E9E35982A6