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