BOD approval in principle for Company to consider disposal of shares in two property subsidiaries

กลับ
The meeting of the Board of Directors of BTS Group Holdings Public Company Limited (the "Company") No. 7/2557 held on October 6, 2014 has passed an important resolution to approve in principle for the Company to consider a disposal of entire shares in two subsidiaries of the Company that engage in the real estate business, namely BTS Assets Co., Ltd. ("BTSA") and Kamkoong Property Co., Ltd. ("KKP"), to Natural Park Public Company Limited ("NPARK"), a listed company in the Stock Exchange of Thailand in the property development sector, in exchange for considerations comprising: (1) newly issued ordinary shares and warrants of NPARK; and/or (2) an amount of cash if appropriate, the determination of which would depend on further negotiation between the parties, provided that the Company will conduct the due diligence on NPARK and its subsidiaries and will propose to the meeting of the Board of Directors of the Company for further consideration and approval of the entry into the transaction. Please see additional details in the attachment. ______________________________________________________________________ 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.