SIRI strategic alliance for developments of residential projects, set up JV, sell land to JV

กลับ
Today (October 15, 2014), the meeting of the Executive Committee of BTS Group Holdings Public Company Limited (the "Company") passed the following resolutions: (1) to approve the Company to enter into the strategic alliance framework agreement with Sansiri Public Company Limited ("SIRI") to exclusively partner together on the developments of the residential projects for sale located within a 500-meter radius of all rail mass transit stations (existing and future), (2) to approve the establishment of a 50 : 50 joint venture company with SIRI for the first project to be developed under this collaboration, i.e. the residential project for sale on approximately 5-rai (8,000 sq.m.) of land located near BTS Mo Chit Station, and (3) to approve the Company's wholly owned subsidiary to sell approximately 5-rai (8,000 sq.m.) of land to the to-be established joint venture company for a consideration of approximately Baht 1,400 million. 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.