Thanulux Public : Investing in Ordinary Shares of King Square Development Co., Ltd. (Revised)
June 16, 2022 at 02:03 am EDT
Share
(Translation)
No. Tor.Hor. 023/2022
June 10, 2022
Subject
: Investing in Ordinary Shares of King Square Development Co., Ltd. (Revised)
Attention
: Director and Manager of the Stock Exchange of Thailand
The Board of Directors Meeting No. 5/2022 of Thanulux Public Company Limited held on June 10, 2022 had approved to invest 160,000 ordinary shares of King Square Development Co., Ltd. at Baht 1,000 per share, totally Baht 160,000,000 or 20% of registered capital. Transactions details are described as follow:
(1)
Transaction date
:
Within June, 2022
(2)
The parties involved
-
Seller
:
King Square Development Co., Ltd.
-
Buyer
:
Thanulux Public Company Limited
-
Related Persons
:
- None -
(3)
General Information
-
Company's Name
:
King Square Development Co., Ltd.
-
Location
:
Bangkok, Thailand
-
Registered Capital
: Baht 800,000,000 divided into ordinary share 800,000 ordinary
shares at par value Baht 1,000
Registered the Memorandum : May 25, 2022 of Association
: 160,000 ordinary shares or 20% of registered capital, this is not
considered as an associated company.
The Shareholding Structure of King Square Development Co., Ltd.
consisted of :
Name
Shareholding Proportion (%)
Tokyu Corporation
35.00
Thanulux Public Company Limited
20.00
Other Companies
45.00
Total
100.00
1/2
(5)
Totaling Return
: 160,000 ordinary shares of King Square Development Co., Ltd.
at par value Baht 1,000 amounting to Baht 160,000,000.
(6)
Expected return
:
Gain an opportunity to invest in new business and dividends.
(7)
Source of Fund
:
Company's working capital.
(8)
Interested directors
:
- none -
(9)
Opinions by the company's
: Approved to invest 160,000 ordinary shares of King Square
Board of Directors
Development Co., Ltd. at Baht 1,000 per share, totally Baht
160,000,000 for managing excess liquidity and gaining
opportunity to invest in new business expecting good
business growth.
(10)
Opinions by Audit Committee
:
- none -
and/or director with significant
differences from the Board of
Directors
(11)
Transaction size
:
This transaction is not considered as connected transaction
according to the notification of the Capital Market Supervisory Board No. Tor Jor.21/2551 (2008) on the rules of the connected transactions and is not acquisition or disposition of listed company's assets to the notification of the Capital Market Supervisory Board
As of March 31, 2022, 0.03% of NTA is Baht 1.18 million and 3% of NTA is Baht 117.78 million.
Please kindly acknowledge.
Faithfully Yours,
Dusadee Soontrontumrong
(Miss Dusadee Soontrontumrong)
Chairman of Executive Committee
2/2
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Thanulux pcl published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 06:02:07 UTC.
Thanulux Public Company Limited is a Thailand-based company that is principally engaged in manufacturing and distributing apparel. The Company operates through four segments: Textiles and apparels business, Secured lending business, Assets management business and Real estate development business. Its Textile and apparel business are conducted, through its subsidiary, TNLX Co., Ltd, which is a manufacturer and distributor of finished garments and leather goods for men, women and children under licensed international trademarks, such as ARROW, Guy Laroche, DAKS, ELLE HOMME, Olymp, and Absorba. Its Secured lending business consists of providing customized financial solutions. Its Assets management business includes Oxygen Asset Management Co., Ltd. that operates in the field of collateralized non-performing loans (NPLs) and non-performing assets. The Company operates Real estate development business through TNL Alliance Co., Ltd, a residential real estate development-for-sale business.
THANULUX 
