Sansiri Public : Notification of investment under the subsidiary company
November 24, 2020 at 09:19 am EST
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(English Translation)
24 November 2020
Subject
:
Notification of investment under the subsidiary company
To
:
The President
The Stock Exchange of Thailand
Sansiri Public Company Limited ("the Company") would like to inform you that Siri Ventures Co., Ltd., (which is a subsidiary company), has invested in a newly established company, namely Juzmatch Co., Ltd. ("Juzmatch"), for 15% of its total issued shares with an investment value of
150,000 baht. The details of which are as follows:
Date of transaction
24 November 2020
Type of Business
Platform developer for real estate business in form of matching
platform between buyer and seller of real estate property
including development on software and technology for analytics
and complicated computation & analysis (Data analytics and
Artificial Intelligence)
Company Incorporation Status
Incorporated on 24 November 2020
Initial Capital and Shares
1,000,000 baht, divided into 10,000 ordinary shares with
a par value of 100 baht each
Shareholding Structure
Name of shareholders
% of shareholding
1. Mr.Rattanapon Monmahachinda
46.75%
2. Mr.Nuth Boonyapibal
38.25%
3. Siri Ventures Co., Ltd.
15.00%
Total
100.00%
Criteria in calculating the
Par value
amount of compensation
The total value of the
Investment at the par value of the new company, which is the fair
Consideration
and reasonable price
The sources of funds
Internal cash flow
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The return on investment
Investment in technology that enhance real estate business by
leveraging Juzmatch's business opportunities and technology
which has potential for business scalability in the future
Connected Nature
The investment in this company is not the connected transactions
in accordance with the Notification of the Capital Market
Supervisory Board No. TorJor. 21/2551.
Size of Transaction
The investment in the 15% shares of Juzmatch (acquisition
transaction) does not causes the Company to fall within the
disclosure requirement under the Notification of Capital Market
Supervisory Board No. TorJor. 20/2551.
Please be informed accordingly.
Yours sincerely,
(Mr. Apichart Chutrakul)
Chief Executive Officer
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Sansiri Public Company Limited is a Thailand-based company, which is engaged in property development. The Company is principally engaged in property development with its properties consisting of land and housing projects under the brands: Sansiri, Setthasiri, and Saransiri. The Company operates through five segments: Real estate; Building management, project management and real estate brokerage; Hotel management; Hotel business; and Other business. Its single-house properties include Setthasiri Pattanakarn, Setthasiri Chaengwattana - Prachachuen 2, Setthasiri Wongwaen - Lamlukka, Burasiri San Phi Suea, and Kanasiri Wongwaen - Lamlukka. Its townhome Town Avenue Merge Rattanathibet, Town Avenue Song-Kwae, and Mettown Bangna. Its condominium project includes XT Phayathai, dcondo reef, THE LINE Vibe, FLO BY SANSIRI, THE BASE Height - Chiang Mai, THE MUVE Bangkhae, XT Ekkamai and THE BASE Phetchaburi Thonglor.
SANSIRI 
