Home » Business » SENA paves the way for “Hankyu” to obtain 49% of the shares of “Sena H20”, transferring ahead in true estate growth

SENA paves the way for “Hankyu” to obtain 49% of the shares of “Sena H20”, transferring ahead in true estate growth

Sena Advancement Public Organization Limited or SENA Disclosure by way of the information method of the Thailand Stock Exchange (Set) that the Conference of the Government Committee no. 17/2565 held on 19 August 2022 permitted the financial investment. and signal a joint venture arrangement, such as a stock order settlement and / or share membership agreement with Hankyu Hanshin Houses Corp. (Hankyu Hanshin Homes Corp.) who is not an affiliate of the Enterprise to jointly develop condominium initiatives by jointly investing in Sena Progress H20 Co., Ltd. (Sena H20) in a 51: 49% joint venture.

The joint undertaking in Sena H20 has the adhering to procedures:

1. Sena H20 will enhance the share money of 799,000,000 baht from the primary share capital of 1,000,000 baht to 800,000,000 baht by issuing 7,990,000 shares at a par worth of 100 baht for every share.

2. The Corporation will buy n. 4,070,001 Sena H20 shares, equal to 51% of the overall capital enhance shares, at the rate of 100 baht for each share, for a complete of 407,000,100 baht of funds raise shares.

3. The Enterprise will waive the ideal to order the newly issued shares in Sena H20 assigned in proportion to the equity financial commitment of no. 3,919,999 shares or equal to 49 per cent of the quantity of recently issued shares at the value of 100 baht for each share, total worth 391,999,900 baht so that Hankyu can be assigned shares by Sena H20 for a total sum of 3,919. 999 shares. additional funds raise of 799 shares), that soon after the capital increase, Hank will keep 3,920,000 shares of Sena H20, representing 49 per cent of the full shares of Sena H20.

Having said that, the Company’s shareholding in Sena H20 just after the membership of the freshly issued shares and the waiver of these rights by the Organization will consequence in the Company’s shareholding lowered with respect to the first companyHolding shares in the proportion from 100% to 51% as revealed in the desk

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.