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Capital Increase Of Thai Drinks Co., Ltd., A Subsidiary Of Thai Beverage Public Company Limited

Back Aug 13, 2015
Announcement Title General Announcement
Announcement Subtitle Capital Increase of Thai Drinks Co., Ltd., a Subsidiary of Thai Beverage Public Company Limited
Securities THAI BEVERAGE PUBLIC CO LTD (THBEV)
Date & Time of Broadcast Aug 13, 2015 19:36
Submitted By Sithichai Chaikriangkrai
Director and Executive Vice President
Description We, Thai Beverage Public Company Limited (THBEV), would like to announce that pursuant to the approval in principal by the Executive Committee Meeting of THBEV, Thai Drinks Co., Ltd. (Thai Drinks), a subsidiary of THBEV, has completed the increase in the registered capital by Baht 100,000,000 consisting of 1,000,000 ordinary shares an initial called up capital of Baht 100 per share.

Prior to the capital increase, Thai Drinks had its registered capital of Baht 60,000,000 consisting of 600,000 ordinary shares with the par value Baht 100, whereby all shares were fully paid-up. Consequently, Thai Drinks now has its registered capital of Baht 160,000,000, divided into 1,600,000 ordinary shares with THBEV holds 99.9998% in Thai Drinks while the two remaining shareholders hold one share each.

The aforesaid investment was funded through internally generated funds of THBEV and is not expected to have any material impact on the earnings per share and net tangible assets of THBEV for this financial year.

To the best knowledge of the directors of THBEV (the Directors ), none of the Directors nor substantial shareholders of THBEV has any interest, direct or indirect (other than through their respective shareholdings in THBEV), in the aforesaid transaction.

Please be informed accordingly.

Yours sincerely,
Sithichai Chaikriangkrai
Director and Executive Vice President