Sansiri Public : The investment in Hugs Insurance Broker Co., Ltd.
September 23, 2020 at 02:35 am EDT
Share
(English Translation)
22 September 2020
Subject
:
The investment in Hugs Insurance Broker Co., Ltd.
To
:
President
The Stock Exchange of Thailand
Sansiri Public Company Limited ("the Company") would like to inform you that Sansiri China Co., Ltd. (a subsidiary in which the Company holds 100% of its total registered capital) has invested in a newly established associated company, namely Hugs Insurance Broker Co., Ltd. ("Hugs"), for 25% of its total issued shares with an investment value of 25 million baht. The details of which are as follows:
Name of associated
:
Hugs Insurance Broker Co., Ltd.
company
Type of Business
Insurance brokerage business
Company Incorporation
Incorporated on 21 September 2020
Status
Initial Capital and Shares
100,000,000 baht, divided into 1,000,000 ordinary shares with
a par value of 100 baht each
Shareholding Structure
:
Name of shareholders
% of shareholding
Sansiri China Co., Ltd.
25.00%
Mr. Tienbhan Bunsongsikul
20.00%
Brookton Capital Limited
20.00%
Seamico Securities Public Company Limited
7.50%
Finansa Public Company Limited
7.50%
Wealthy Holding Co., Ltd.
7.00%
Mr. Banyat Jiravorakul
5.00%
Mr. Sathawee Techataveesup
5.00%
Mr. Winju Angsunit
1.00%
Mr. Chairit Songpalangtham
1.00%
Miss Piyalak Theekakul
1.00%
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
Consideration
fair and reasonable price
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The sources of funds
: Internal cash flow
The return on investment
: To expand a new business of the Company and support the
Company's business.
Connected Nature
: The investment in this associated 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 25% shares of the associated company
(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
Company Secretary Office
email address :CompanySecretary@sansiri.com
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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 
