To inform an acquisition and disposition
SET 27/2007
25 September 2007
Subject: To inform an acquisition and disposition
Attention: Managing Director The Stock Exchange of Thailand
Major Cineplex Group PLC (the 'Company') would like to inform that the Company has acquisition and disposition in capital investment in Major Online Co., Ltd as the following details;
To acquire of capital investment in Major Online Co., Ltd
1. Date of Transaction: 21 February, 2007
2. Litigant and Relationship with the Company:
Transferor: | Number of Share | Portion (%) |
Mr. Sakda U-darasak | 4,996 | 49.96 |
Mr. Somkid Tantadavanichakul | 997 | 9.97 |
Relationship with the Company:
None connected person reference definition the SET's notification subject to disclosure and compliance issues of the listed companies in relation connected transaction Act B.E. 2546Transferee: Major Cineplex Group PLC
3. Type of General Transaction:
Less than 15% by the ruling of the Stock Exchange of Thailand about criterion, method and disclosure about acquisition and disposal of Listed Company.4. Details of Asset:
- Name: Capital investment in Major Online Co., Ltd.
- Address: 1839 Phaholyothin Rd., Jatuchak, Bangkok Business
- Type: Selling ticket concert and service information Registered Capital and Paid-up
- Capital: 1,000,000 Baht
Existing Portion | New Portion | |
Number of Shares | 4,000 | 9,993 |
Portion of Shares (%) | 40 | 99.93 |
5. Amount of Returned Things:
The ordinary shares 5,993 shares / par value 364.75 baht total amount 2,185,946.75 baht by without payment to transferor as the agreement with management team. The management team must drive business with growth but the result of previous time showing that the management team unable to achieve so that agree to transfer the ordinary share to the company by without payment. Book value as of 31 December 2006 amount 364.75 baht per share is criterion for recognized profit from transferring.6. Objective:
For adjust progressing and reduce cost due to the company has planed to invest in Thai Ticket Master Co., Ltd.To dispose of capital investment in Major Online Co., Ltd
1. Date of Transaction: 23 February 2007
2. Litigant and Relationship with the Company:
Transferor: Major Cineplex Group PLC
Transferee: Ratchayothin Avenue Co., Ltd.
Relationship with the company: Associated company which the company has the ordinary shares in 50% with Siam Future Development PLC.
3. Type and General Transaction: Less than 15% by the ruling of the Stock Exchange of Thailand about Criterion,method and disclosure about source and sale of investment of Listed Company.
4. Details of Asset:
Name: Capital investment in Major Online Co., Ltd.
Address: 1839 Phaholyothin Rd., Jatuchak, Bangkok Business
Type: Selling ticket concert and service information Registered Capital and Paid-up Capital: 1,000,000 Baht
Existing Portion | New Portion | |
Amount of shares | 9,993 | - |
Portion of shares (%) | 99.93 | - |
5. Amount of Returned Things:
The company has disposed in the ordinary share 9,993 shares amount 999,300 baht by amount of lose 1,586,646.75 baht.6. Objective:
For adjust progressing and supporting the investment in Ratchayothin Avenue Project and Major Online Co., Ltd. was changed name to Ratchayothin Avenue Management Co., Ltd and changed business type to developing and managing in shopping centers.Please be informed accordingly
Yours sincerely,
(Mr. Chattaphum Khantiviriya)
Chief Financial Officer