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KTIS Kaset Thai International Sugar : Increasing of the shareholding in the Company's affiliate (Additional Information)

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11/15/2017 | 06:50am CEST

Ref. cs.37/2017

November 13, 2017

Subject Increasing of the shareholding in the Company's affiliate (Additional Information) Attention Director and Manager

Stock Exchange of Thailand

Kaset Thai International Sugar Corporation Public Company Limited (the "Company") would like to inform you that the Company will increase its shareholding ratio in Lopburi Bioethanol Co., Ltd. ("LBE") to 100 percent via its affiliate (Permsin Wattana Co., Ltd. ("Permsin")) in which the Company holds 100 percent of the total shareholding. The transaction will take place and will be completed on November 13, 2017 with the details as follows:

  1. Date Month Year of the transaction

    November 13, 2017

  2. General information of the transaction

    Details:

    The Company acquired the newly issued of LBE for the amount of THB 49,000,000.

    Purpose:

    To support the expansion of the future projects of the Company.

    Consideration Value:

    THB 49,000,000

    Calculation Criteria:

    Book value as of June 30, 2017

  3. The information of LBE

    Type of Business:

    Producing and selling ethanol and other related products.

    The Capital Structure

    Before Capital Increase

    After Capital Increase

    Registered Capital

    THB 1,000,000

    THB 50,000,000

    Number of Shares

    10,000 shares

    500,000 shares

    Par Value (of each share)

    THB 100

    THB 100

    The Shareholding Structure

    List of Shareholders

    Before Capital Increase

    After Capital Increase

    %

    1.

    The Company

    0

    shares

    1.

    The Company

    490,000

    shares

    98%

    2.

    Permsin

    9,997

    shares

    2.

    Permsin

    9,997

    shares

    1.9994%

    3.

    Mr. Parphan Siriviriyakul

    1

    shares

    3.

    Mr. Parphan Siriviriyakul

    1

    shares

    0.0002%

    4.

    Mr. Nathapun Siriviriyakul

    1

    shares

    4.

    Mr. Nathapun Siriviriyakul

    1

    shares

    0.0002%

    5.

    Global Green Chemicals Pcl.

    1

    shares

    5.

    Global Green Chemicals Pcl.

    1

    shares

    0.0002%

  4. Details of the transaction

The said transaction is considered as an asset acquisition transaction of the Company under the Notification of the Capital Market Supervisory Board No. Tor. Jor. 21/2551 regarding Rules for entering into Substantial Transactions within the Definition of an Acquisition or Disposal of Assets dated August 31, 2008, and the Notification of Board of Governors of the Stock Exchange of Thailand regarding Disclosure and Compliance by Listed Companies relating to Acquisition or Disposal of Assets B.E. 2547 dated October 29, 2017, as amended (the "Acquisition and Disposition Notification"). The said transaction has the maximum size equal to 0.23 percent of the total value for consideration as set out in the Company's Financial Statement on June 30, 2017.

Therefore, the total value of the said transaction and the other transactions which the Company has entered into during the 6 months prior to this is lower than 15 percent. As a result, the Company is not required to report or disclose the information relating to such transaction nor obtain the shareholders' approval therefor.

Please be informed accordingly.

Sincerely yours,

Mr. Nathapun Siriviriyakul

(Director and Deputy Executive Officer - KTIS group) Authorized to sign on behalf of the Company

Company Secretary

Telephone: 02 692 2869-73 ext. 175

Fax: 02 692 0876

Email: cs@ktisgroup.com

KTIS - Kaset Thai International Sugar Corporation pcl published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 05:49:04 UTC.

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