Home Business SET allows ACC to trade with Cash Balance account 25 Nov. to 15 Dec. 21

SET allows ACC to trade with Cash Balance account 25 Nov. to 15 Dec. 21

by news dir

The Stock Exchange of Thailand ordered “Advance Connection Corporation” to enter a level 1 trading regulatory measure to trade with cash balance accounts, effective November 25 to December 15, 21, while ACC informs the progress of selling investments. C.E.I.(Chiang Mai) – ACC Green Energy” gave “Thai Lanna Food and Cultural Center” a delay because of the Covid outbreak. causing the buyer to not earn the full amount of the contract While moving forward to set up 4 new subsidiaries, aggressively planting, extracting, processing, distributing, importing, exporting, conducting business in all aspects related to hemp raw materials. Cannabis e-commerce online marketing and construction

The Stock Exchange of Thailand (SET) revealed that the SET has announced that Advanced Connection Corporation Public Company Limited (ACC) is a securities that falls under the regulation level 1 Cash Balance trading or trading with a cash account. Result from 25 Nov – 15 Dec 2021

Mr. Angkoon Pimpakorn, Managing Director of Advanced Connection Corporation Public Company Limited or ACC, informed the progress of the sale of investment in the Company’s ordinary shares. C.E.I.(Chiang Mai) Co., Ltd. and ACC Green Energy Co., Ltd. all to Thai Lanna Food and Cultural Center Co., Ltd.

This is a result of the resolution of the Board of Directors’ meeting. At the meeting No. 6/21, dated October 18, 2021, it was resolved to extend the payment period for the sale of investment in the Company’s ordinary shares. C.E.I.(Chiang Mai) Co., Ltd. and ACC Green Energy Co., Ltd. all to the purchaser. Until December 30, 2021 due to the epidemic situation of the Covid-19 virus. As a result, the purchaser is unable to provide the full amount of money according to the contract. However, on November 19, 2021, the company received an additional deposit payment of 25 million baht. In total, the company received a deposit payment of 70 million baht. baht, remaining 480 million baht
for establishing a subsidiary In accordance with the resolution of the Executive Committee meeting of the Company No. 9/21, held on May 20

2021 approved the establishment of 2 subsidiary companies, ACC Cannabis Company Limited with registered capital of 40.00 million baht (4,000,000 ordinary shares, par value of 10 baht per share). The company was registered on June 1, 2021. The company Holding 3,999,997 shares, representing 100% of the total shares And the company paid for such shares of 10 million baht (at the rate of 25 percent of the registered capital) on June 8, 2021 for business, research, development, production (cultivation) and cannabis processing. management of the company No. 18/21, dated October 26, 2021, approved the sale of investment in the Company’s ordinary shares. ACC Cannabis Co., Ltd. 800,000 shares at a price of 2.50 baht per share, equivalent to baht for 1 unrelated person and the company received payment for the shares in full on November 1, 2021.

and the other one is ACC Utilities Company Limited, registered capital of 1.00 million baht (100,000 ordinary shares, 10 baht per share). Infra Company Limited (a subsidiary) holds 50,998 shares, representing 51% of the total shares, 49% of shares are held by unrelated persons. The subsidiary paid for such shares at 509,980 baht (at the rate of 51% of the registered capital) on June 8, 2021 with the objective of operating a construction business.

While the Executive Board meeting of the Company No. 15/2021 on August 26, 2021 resolved to approve the establishment of Hi Innovation Technology Company Limited with registered capital of 4.00 million baht (400,000 ordinary shares, par value of 10 baht per share). The company was registered on September 8, 2021. The company assigned ACC Capital Asset Management Company Limited (a subsidiary) to hold 239,998 shares, representing 60 percent of the total shares, 40% of the shares were held by individuals. unrelated The subsidiary has paid for such shares in the amount of 599,995 baht (at the rate of 25 percent of the registered capital) on September 17, 2021 with the objective of operating an online marketing e-commerce system development business.

In addition, Hi Cannabiz Crop Company Limited, registered capital of 4.00 million baht (400,000 ordinary shares, par value of 10 baht per share), was established on September 8, 2021. The company gave the company ACC Cannabis Company Limited (Subsidiary) holds 239,998 shares, representing 60% of the total shares, 40% of the shares are held by unrelated persons. The subsidiary has paid for such shares in the amount of 599,995 baht (at the rate of 25 percent of the registered capital) on September 17, 2021. Objectives of the business of planting, extracting, processing, distributing, importing, exporting business in all aspects related to hemp raw materials. marijuana

In this regard, the establishment of a subsidiary to increase new business channels in accordance with business operations in the current era and strengthening the group of companies in the future

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