“Singha Estate” sells 51.56% of “Nirvana Daii” shares to a group of major shareholders at a price of 2.52 baht per share, receiving 1,793 million baht, expecting the deal to be completed within December 20, with the end of the condition. Subsidiary Company
On 23 Nov 2020, Mrs. Thitima Rungkwansirirot Chief Financial Officer, Singha Estate Public Company Limited or S informed the SET that the share trading agreement between the company and the major shareholders of Nirvana Daii Company Limited (NVD) was concluded upon: On November 23, 2020, the Company will sell 711,855,320 ordinary shares in NVD, representing 51.56% of NVD’s paid-up capital at the price of 2.52 baht per share or totaling 1,793.87 million baht to the Somwattana Group. And after the sale of the said shares Somwattana Group will be the major shareholder of 72.30% (according to the table).
It is expected that the company and the major shareholders will complete the trading of shares according to the number and price within December 20.
After the purchase of ordinary shares in NVD mentioned, it will cease to be a subsidiary of the Company.