Munkong Housing Public Company Limited (MK) revealed that the Board of Directors Meeting No. 10/2564 held on October 15, 2021 had a resolution to approve Prospect Development Company. Co., Ltd. (Prospect), a subsidiary of the Company The Company owns 100% of the shares to purchase ordinary shares of Freezone Asset Company Limited (Free Zone Asset) in the amount of 1,825,000 shares with a par value of 100 baht per share, totaling 182,500,000 baht at a total price of 100,000,000 baht from BOMB. J. AQ Estate (AQ) 1,824,998 shares
However, such investment Prospect will be able to add at least 20,243 square meters of warehouse space for rent in the Bangkok Free Trade Zone project. There is no additional management cost for Prospect. Because Prospect already has a management team in the Bangkok Free Trade Zone project.
However, it expects to pay around 75 million baht on October 29, 2021, enter into a share purchase and transfer agreement and pay 25 million baht within 17 November 2021.
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