26 August 2021
Subject: Achievement in the investment in private hospital business in Lao PDR
Attention: President of the Stock Exchange of Thailand
Reference: Letter No. RATCH 246/2021 dated 30 July 2021, entitled "Signing of capital increase share purchase agreement to invest in private hospital in Lao PDR"
As RATCH Group Public Company Limited (the "Company") had reported that on 30 July 2021, RATCH-Lao Services Company Limited ("RL") (the Company's wholly owned indirect subsidiary in Lao PDR) has signed a capital increase share purchase agreement of Bangkok Chain International (Lao) Company Limited ("BCIL") at 9.91 percent totaling Baht 190 million in order to invest in Kasemrad International Hospital in Vientiane, Lao PDR. The details were as stated in the reference.
The Company would like to report the progress of such investment that on 26 August 2021, RL has already paid for the capital increase shares and registered the share transfer. As a result, BCIL shareholders comprise Bangkok Chain Hospital Public Company Limited ("BCH") at 68.47 percent, RATCH-Lao Services Company Limited at 9.91 percent and minority shareholders in Lao PDR and Thailand at 21.62 percent.
Kasemrad International in Vientiane, Lao PDR is a private tertiary hospital, offering a complete range of services with the total of 110 beds in the first phase which will be increased to 254 beds in the second phase. It is expected to begin commercial service on 19 August 2021.
Such investment is in line with the Company Group's investment plan, which will generate new S-curve in Lao PDR and expand into new stable business with high growth potential and appropriate return on investment. The transaction will also create business partnership with BCH, which could increase the opportunity to jointly invest in health care and related businesses in the future.
Please be informed accordingly.
(Mr. Kijja Sripatthangkura)
Chief Executive Officer
Company Secretary Office
Tel. +66 2794 9510
Fax. +66 2794 9888 Ext. 9510
Ratchaburi Electricity Generating Holding pcl published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 10:20:05 UTC.