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    TRUE   TH0375010Z06

TRUE CORPORATION

(TRUE)
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True : Notification of the investment in Chiwiborirak Company Limited

02/19/2021 | 06:49am EDT

(-Translation-)

Ref: TRUE-SEC 006/2564

19th February 2021

The President of the Stock Exchange of Thailand The Stock Exchange of Thailand

Subject: Notification of the investment in Chiwiborirak Company Limited

True Corporation Public Company Limited (the "Company") would like to notify that True Incube Company Limited ("True Incube"), a wholly owned subsidiary of the Company's Group, has invested in Chiwiborirak Company Limited ("Chiiwii"), a company engaged in medical tele-consultation services, at the shareholding proportion of 60.72% of Chiiwii's total issued shares for consideration of Baht 47.28 million. The objective of this investment is to strengthen the Company's digital health strategy as well as to support potential Startup and to gain potential future return on investment.

Consequently, Chiiwii become the Company's new subsidiary. After this investment, Chiiwii's shareholder structure is as follows;

Shareholders

Shareholding Percentage

1.

True Incube Company Limited

60.72%

2.

Ms. Piraya Tamrongterakul

12.73%

3.

Mr. Yosavee Niranvichaiya

12.72%

4.

Mr. Supphakit Songsuk

12.72%

5.

Mr. Kachen Kungsadannatee

1.11%

This transaction is not regarded as a connected transaction and the transaction size is not considered as a major acquisition of assets according to the regulations of the Capital Market Supervisory Board and the Stock Exchange of Thailand.

Please be informed accordingly.

Sincerely yours,

-Signature-

Ms. Yupa Leewongcharoen Group Chief Financial Officer

Disclaimer

True Corporation pcl published this content on 19 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2021 11:48:02 UTC.


© Publicnow 2021
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Sales 2021 142 B 4 541 M 4 541 M
Net income 2021 -526 M -16,9 M -16,9 M
Net Debt 2021 271 B 8 710 M 8 710 M
P/E ratio 2021 -154x
Yield 2021 0,45%
Capitalization 109 B 3 510 M 3 510 M
EV / Sales 2021 2,69x
EV / Sales 2022 2,64x
Nbr of Employees -
Free-Float 54,6%
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Technical analysis trends TRUE CORPORATION
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Mean consensus HOLD
Number of Analysts 18
Average target price 3,48 THB
Last Close Price 3,28 THB
Spread / Highest target 64,6%
Spread / Average Target 6,03%
Spread / Lowest Target -38,4%
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Anat Mekpaiboonvatana Co-President
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