GEL.CS.012/2565
July 12, 2022
Subject: To inform to additional investment for construction and improve the pre-stressed precast concrete (Segment)
factory | |
To: | Director and Manager |
The Stock Exchange of Thailand |
General Engineering Public Company Limited ("Company") would like to inform that according to Board of Director Meeting no. 6/2022 held on July 12, 2022, the Board had the resolution of approval regarding to additional investment for construction and improve the pre-stressed precast concrete (Segment) for infrastructure factory. The location is Moo 4, Tambon Chiangraknoi, Ampoe Samkok, Pathumthani Province. The total budget is about 88 millions Baht. The company has plan to expand production and expanding the storage space to respond the customer need and more alternative for customer. Source of fund are right offering and working capital of the company
Such transaction of the Company deems to be the acquisition of the asset according to Notification of the Board of Governors of Stock Exchange of Thailand: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 ("Notification Re: Acquisition or Disposition"). When it has calculated according to various bases by using the highest value calculated from any of bases, it is found that such transaction has volume subject to maximum volume in accordance with the total value of consideration paid which is at 1.29%. In addition, due to the volume of this transaction and Asset Acquisition Transactions on Total Value of Consideration Criteria within 6 months that is between January 13, 2022 to July 12, 2022 (The day of Board of Director had the resolution of approval regarding to increase of registered capital in subsidiary) is 1.61%, thus transaction of acquisition of asset in accordance with the total value of consideration which is 2.90%. The volume of this transaction having value less than 15%, said project as described above is neither subject to comply with Notification Re: Acquisition or Disposition nor related transaction.
Please consider as request
Your sincerely,
General Engineering Public Company Limited
-Signed-
(Mr.Wuttichai Sresthabutra)
Director
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General Engineering pcl published this content on 12 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 11:03:06 UTC.