Com7 Public Company Limited to Invest in M Vision Public Company Limited

Strategic Insights -

Com7 Public Company Limited, through its subsidiary Com7 Holding Company Limited, has approved an investment plan in M Vision Public Company Limited, a company listed on the Market for Alternative Investment (mai). The investment involves subscribing to 580 million newly issued shares at a price of Baht 0.30 per share, totaling Baht 174 million. This investment aims to expand the collaboration with a business partner for mutual value creation, leveraging expertise, capabilities, and business reputations to achieve sustainable value creation.

Key Takeaways:

  • Com7 Public Company Limited's subsidiary, Com7 Holding Company Limited, will invest in M Vision Public Company Limited through the subscription of 580 million newly issued shares at Baht 0.30 per share, totaling Baht 174 million.
  • The investment aims to strengthen the Company's business potential for future growth, create new revenue opportunities, and enhance competitiveness by utilizing resources, personnel, technology, and business networks efficiently.
  • The subscription price of the newly issued shares is considered reasonable, although it is higher than the fair market value.
  • Com7 Holding Company Limited will hold 51% of M Vision Public Company Limited's total issued shares after the investment, making MVP a subsidiary of Com7.
  • The investment plans to appoint representatives to serve as directors and/or executives of MVP in a proportion not less than its shareholding.
  • The complete document outlining the investment details can be accessed at https://www.set.or.th/en/home.

Statistics:

  • Baht 174 million: Total investment amount for subscribing to newly issued shares.
  • 580 million: Number of newly issued shares.
  • Baht 0.30: Subscription price per share.
  • 51.00%: Proportion of Com7H's shareholding in MVP after the investment.
  • 1,137,259,283: Total issued shares of MVP after the capital increase through the private placement.
  • 5%: Difference in shareholding proportion if other investors in the issuance and offering process do not subscribe to the newly issued shares.

Sources:

  • The Stock Exchange of Thailand, https://www.set.or.th/en/home