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Supalai Public Company Limited or SPALI announced that the meeting of the Board of Directors yesterday (July 10) passed a resolution at Supalai Property Management (SPM), a 99.99% subsidiary, has made a public offer of voluntary purchase on 100% or 992.01 million shares in the MK voluntary tender offer. Baht 4.10 per share, totaling 4.07 billion baht, subject to SPM The termination of the public offer to buy for all shares outstanding At the end of the offer period , there will be less than 25% of the shares offered by the acquisition, which will increase the opportunity of business
. SPM will submit the Declaration of Intent to Make a Public Offer (Form 247-3) within three business days of the date of the public announcement. And public tender offer (Form 247-4) within 7 business days of the date of submission of the declaration of intent to make a public offer to purchase
.MK is the promoter commercial buildings, House for sale with land. And the construction of houses and condominiums. The main shareholders are Mr. Pratip Tangmatitham, 11.29%, Finansa Asset Management (FNS), 9.78%, CPD Holding Co., Ltd. holds 9.07%, UBS AG SINGAPORE BRANCH holds 8.83%, etc.
Expected benefits of this acquisition. It will be the opportunity for the Company to have additional assets such as land, real estate under development, and so on. The possibility of adding value to the Company and MK has different strengths and expertise. By merging knowledge resources Technology, product design, branding, construction, procurement, financial and personal strength, as well as bargaining power with contractors for raw materials and construction. Because of the size of the investment and construction more. This will enhance the long-term competitiveness and increase the efficiency of the business operations.
as well as increase the Company's growth opportunities from business development and investment to real estate development for rent and service. It is also an investment opportunity to cover more types of real estate assets. Especially real estate for rent and service. And increase the proportion of rental and service revenues (recurring income), which reduces the risk of operating income by diversifying income from a variety of properties.
The source of investment in the acquisition of MK. SPM will receive financing from the company through the capital increase. And / or borrow from the Company. And / or sponsored by the company for loans from financial institutions. Make a public takeover bid on all the common shares of the Company
. The board of directors agreed that the transaction is reasonable. This is the most beneficial for the company and its shareholders. This is due to the offer price of the ordinary shares of the Company. The price is reasonable. In addition, the transaction will help create opportunities for future growth of the company.
MK's stock price closed yesterday at Bt3.30, up 0.08 or 2.48. %
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