Extreme Sport Marketing Ventures Co., Ltd. completed the acquisition of Bira Circuit One Co., Ltd. and 49.31% stake in Bira Kart Co., Ltd. from Ananda Development Public Company Limited.
March 31, 2021
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Extreme Sport Marketing Ventures (Thailand) Co., Ltd. completed the acquisition of Bira Circuit One Co., Ltd. and 49.31% stake in Bira Kart Co., Ltd. from Ananda Development Public Company Limited (SET:ANAN) for approximately THB 400 million on March 25, 2020. Under the terms, Extreme Sport Marketing Ventures (Thailand) Co., Ltd. agreed to acquire 0.5 million shares of Bira Circuit One Co., Ltd. and 0.36 million shares of Bira Kart Co., Ltd. The 50.69% equity interest of Bira Kart Co held by Bira Circuit One Co., Ltd. The 49.31% equity interest of Bira Kart Co held by Ananda Development Public Company.
Extreme Sport Marketing Ventures (Thailand) Co., Ltd. completed the acquisition of Bira Circuit One Co., Ltd. and 49.31% stake in Bira Kart Co., Ltd. from Ananda Development Public Company Limited (SET:ANAN) on March 31, 2020. Extreme Sport Marketing Ventures (Thailand) at closing will hold 100% stake of Bira Circuit One Co., Ltd. and 49.31% stake of Bira Kart Co. Remaining share of Bira Kart Co are held by the direct subsidiary of Extreme Sport Marketing Ventures (Thailand).
Ananda Development Public Company Limited is a Thailand-based company that is engaged in the real estate development business. The Company is principally engaged in the development and sale of real estate, provision of house construction services and management of real estate development projects. Its real estate development projects include condominium projects, housing projects and townhouses in Bangkok and its vicinity. Its segments include the real estate development segment, which develops all types of real estate projects; Management of real estate development project segment, which provides management service for real estate projects, and Other segments, which include services relating to real estate brokerage, among other things. It has developed condominium projects under Ashton, Ideo Q, Venio, Ideo Mobi, Ideo, Elio, and Unio brands. It has developed housing and townhouses projects under Artale, Airi, Atoll, Anda, Urbanio, and Unio Town brands.
Extreme Sport Marketing Ventures Co., Ltd. completed the acquisition of Bira Circuit One Co., Ltd. and 49.31% stake in Bira Kart Co., Ltd. from Ananda Development Public Company Limited.