25 October 1996
ANNOUNCES INVESTMENT IN AYUDHYA AGRO CITY CO LTD
Central Pattana Plc. (CPN) released that it has invested in common
shares accounting for 10% of registered capital of Ayudhya Agro City Co.,
Ltd. The details can be summarized as follows:
1. Asset Details:
CPN has bought shares of Ayudhya Agro City Co., Ltd. from the
existing shareholder at the proportion of 10% of the registered capital.
Ayudhya Agro City Co., Ltd. has a registered capital of Bt400
million, split into 4 million shares, with a par value of Bt100 apiece.
The entire amount has already been paid up. CPN invested in a total of
400,000 shares of the company.
2. Investment Objective:
CPN aims at expanding its shopping mall business to cover areas
in the central provinces. Ayudhya Agro City Co., Ltd. is a company
operating property development business. Its project is comprised of
shopping mall and residence, etc.
3. Contract Partners:
CPN confirmed that it does not have any relationship with the
contract partner, so the transaction is not considered a connected
transaction.
4. Transaction Value:
The shares costed CPN Bt114 apiece, totalling Bt45.6 million.
5. Pricing Criteria:
Par value and interest for the period of holding the shares
6. Asset Acquisition Criteria:
CPN confirmed that the transaction is not under the criteria
concerning asset acquisition.
Trnslated by The Nation