Thai Parcels Public Company Limited Acquires Chalermpat Corporation Co., Ltd.

Thai Parcels Public Company Limited has informed the Stock Exchange of Thailand that its Board of Directors has approved the acquisition of Chalermpat Corporation Co., Ltd. (CPC), a holding company that invests in subsidiaries providing passenger transportation services. The acquisition involves the issuance of 584.5 million newly issued ordinary shares, representing 52.73% of Thai Parcels' total issued and paid-up ordinary shares, in exchange for a private placement of 409.15 million Baht to the CPC sellers. This move is subject to shareholder approval and will be proposed at an upcoming shareholders' meeting.

Key Takeaways:

• Thai Parcels Public Company Limited has approved the acquisition of 100% of Chalermpat Corporation Co., Ltd. (CPC) through a private placement.
• The acquisition involves the issuance of 584.5 million new ordinary shares, representing 52.73% of Thai Parcels' total issued and paid-up ordinary shares.
• The private placement will provide 409.15 million Baht to the CPC sellers, with each share being issued at a price of 0.70 Baht.
• CPC is a holding company with investments in subsidiaries engaged in passenger transportation services, including Chalermpat Transport Co., Ltd. and Pattara Mongkol Co., Ltd.
• The acquisition is subject to shareholder approval and will be proposed at an upcoming shareholders' meeting.

Statistics:

• 6,635,000 ordinary shares of Chalermpat Corporation Co., Ltd. (CPC) are being acquired by Thai Parcels Public Company Limited.
• 584,500,000 newly issued ordinary shares will be issued by Thai Parcels Public Company Limited.
• The offering price is set at 0.70 Baht per share.
• The private placement will deliver 409,150,000 Baht to the CPC sellers.
• The acquisition represents 52.73% of Thai Parcels' total issued and paid-up ordinary shares.

Sources:

• https://www.set.or.th/en/home