“Bangkok Post” made a notice to the SET for sale of Bangna Printing Center – Klong Toey Office Building 1,226 million baht – Receive financial assistance from “Suthakiat Chirathivat” not exceeding 250 million baht.
On February 9 Resolution Reported that Bangkok Post Public Company Limited made a letter to the directors and managers. The Stock Exchange of Thailand Resolutions of the Board of Directors Meeting No. 1/2021 to approve the acquisition and disposition of assets and the entering into connected transactions Notification of the date of the shareholders’ meeting No. 1/2021 by the Board of Directors meeting on January 28, 2021 resolved as follows:
1.Approval of the bidding results for the sale of assets, namely the Printing and Distribution Center (Bangna) and Office Building (Klong Toei), to Land Rom Ruen Company Limited, which is a connected person worth 1,226.21 million baht, as detailed in the document. Information Memorandum on Acquisition and Disposition of Assets and Connected Transactions Which was attached according to the attachment
The Company organized auctions to find buyers of both properties. By advertising in the Bangkok Post newspaper Between 24-30 December in order for bidders to buy and submit a bid envelope. During 4-12 January and the deadline to submit the bid envelope 13 January opened the tender envelope on January 14, the past, the Rom Rueang Land Company Limited was the winner of the auction.
2.Approval to enter into a lease back office space (Klong Toey), total size not exceeding 9,000 square meters, with parking for 180 cars for a period of 3 years at a rental rate of 400 baht per square meter from Rom Ruen Land Company Limited.
3. Approved the presentation of the agenda of receiving financial assistance from Suthakiat Chirathivat from the amount not exceeding 250 million baht to the maximum amount of 400 million baht per the shareholders’ meeting for consideration.
The reporter further reported that In November 2020, Mr. Suthikat Chirathivat, Chairman of the Board of Directors and Chairman of the Executive Committee of Bangkok Post Public Company Limited, informed that the main reason that the company has a loss from operations. Is the impact of the novel coronavirus outbreak This caused many businesses to stop providing services in Q3 / 2020, causing the company to have no revenue from purchases from many business sectors, especially the tourism sector.
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