Sky ICT Public Company Limited Approves Investment in APPLE CASH CO., LTD.

Strategic Insights -

The Board of Directors' Meeting of Sky ICT Public Company Limited, held on 15 May 2025, has passed a resolution to allow its subsidiary, SIAM ADMINISTRATIVE MANAGEMENT AND SECURITY GUARDS CO., LTD., to invest in APPLE CASH CO., LTD. through a share purchase from SKY HIGH CO., LTD. The transaction, valued at 0.19% of Sky ICT's net tangible assets, does not meet the disclosure criteria, as per the Stock Exchange of Thailand's rules. The investment is a result of a resolution made by MR. VORAPOTE AMNUEYPOL, the major shareholder and director of Sky ICT, who also holds a significant stake in SKY HIGH. The deal involves the purchase of 99,997 shares of APPLE CASH CO., LTD. from SKY HIGH CO., LTD.

Key Takeaways:

  • Sky ICT Public Company Limited's Board of Directors approved an investment in APPLE CASH CO., LTD. through its subsidiary, SIAM ADMINISTRATIVE MANAGEMENT AND SECURITY GUARDS CO., LTD.
  • The investment will be facilitated through a share purchase from SKY HIGH CO., LTD., a company in which MR. VORAPOTE AMNUEYPOL, Sky ICT's major shareholder and director, holds a 90% stake.
  • The transaction value is equivalent to 0.19% of Sky ICT's net tangible assets, as per the consolidated financial statements for the past 12 months ended 31 March 2025.
  • The deal involves the purchase of 99,997 shares of APPLE CASH CO., LTD. and does not meet the disclosure criteria, as per the Stock Exchange of Thailand's rules.
  • The investment is subject to the Notifications on Acquisition and Disposition of Assets, as specified in the Capital Market Supervisory Board's rules.
  • MR. VORAPOTE AMNUEYPOL has a significant influence in the transaction, given his dual role as Sky ICT's major shareholder and director of SKY HIGH.

Statistics:

  • 0.19%: The transaction value, equivalent to the percentage of Sky ICT's net tangible assets.
  • 90%: The percentage of shares held by MR. VORAPOTE AMNUEYPOL in SKY HIGH CO., LTD.
  • 15%: The threshold for disclosure, as specified by the Stock Exchange of Thailand's rules on acquisition and disposition of assets.
  • 31 March 2025: The date of the consolidated financial statements used to determine the net tangible assets value.
  • 15 May 2025: The date of the Board of Directors' Meeting at which the investment resolution was passed.

Sources:

  • Stock Exchange of Thailand: Company Announcement (No. 3/2025)
  • Notification of the Capital Market Supervisory Board: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets (No. TorJor. 20/2551)
  • Notification of the Board of Governors of the Stock Exchange of Thailand: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets (B.E. 2547, dated 29 October 2004)