M Vision : Notification of investment in new subsidiary
August 15, 2022 at 08:04 pm IST
Share
No. MVP096/2022
August 15, 2022
Subject: Notification of investment in new subsidiary
To: President and Manager
The Stock Exchange of Thailand
M Vision Public Company Limited ( " the Company" ) would like to inform that the Board of Directors Meeting No. 6/2022 on August 15, 2022 has approved the investment in new subsidiary, in order to conduct the business of organizing, media and marketing of blockchain technology.
Name of company
:
Ideal Blockchain Event Organizer Company Limited
Registration date
:
June 9, 2022
Type of business
:
Event organizer media and marketing of blockchain technology
: Baht 4,000,000 consisting of 40,000 ordinary shares with a par value of Baht 100 per
share
Proportion of shares
: (1) M Vision Public Company Limited
holds 19,998 shares
proportion 50%
(2) Ms.Prapimpan Lertsirisin
holds
1 shares
proportion -
(3)
Ms.Apsorn Wilartsakdanon
holds
1 shares
proportion -
(4)
Ms.Palida Jantratip
holds 19,999 shares
proportion 50%
(5)
Ms.Nittaya Kidjavon
holds
1 shares
proportion -
Remark: Ms.Palida Jantratip and Ms.Nittaya Kidjavon are not related person to the Company
Board of directors
:
1.
Ms.Palida Jantratip
2.
Ms.Prapimpan Lertsirisin
3.
Ms.Apsorn Wilartsakdanon
Authorized director
: Ms.Palida Jantratip signed together with Ms.Prapimpan Lertsirisin or Ms.Apsorn
Wilartsakdanon and stamp company's seal
Source of fund
:
Working capital of the Company
Expected benefits
: To increase the potential of organizing and marketing of blockchain technology both
domestic and oversea.
The Company discloses information according to the criteria for investment in other juristic persons with the proportion of investment from 10% of the paid-up capital of the investment company according to the regulations of the Stock Exchange of Thailand regarding rules, conditions and procedures concerning the disclosure of information and any operations of listed companies. However, the transaction of investment in such subsidiary is not considered as a connected transaction according to the Notification of the Capital Market Supervisory Board No. TorChor. 21/2008 Re: Rules on Connected Transactions and the Stock Exchange of Thailand Notification Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions, BE. 2546 and the size of the transaction is not in accordance with the Notification of the Capital Market Supervisory Board No. TorChor. 20/2008 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and the Stock Exchange of Thailand Notification Re: Disclosure of Information 4 and Actions of Listed Companies in the Acquisition and Disposition of Assets BE. 2547. In which calculating the value of the transaction based on the total value of consideration criteria, compared with the total assets of the Company as of June 30, 2022, found that the value of the highest transaction equals 0.0006 percent
Please be informed accordingly,
Yours sincerely,
Mr.Opas Cherdphan
Chief Executive Officer
M Vision Public Company Limited
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M Vision pcl published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 14:33:09 UTC.
M Vision Public Company Limited is a Thailand-based event organizer. The Company and its subsidiaries are engaged in providing exhibition services for mobile phones, IT and various technology products, sporting events, travel events, seminars, as well as producing and distributing online and offline media. The Company operates through three segments: Technology business and events, Advertising and agency business, and Commercial business. It has relationships with many telecommunications manufacturers and operators. The Company organizes running events in many countries, such as Samsung Galaxy 10K Thailand Championship, Chom Bueng Marathon, Khao Prathap Chang Trail and others. The Company's core businesses are divided into two main categories: Mobile Related Provider and Sport Solution Provider. Mobile Related Provider is a group of businesses, which provide integrated mobile and technology services. Sport Solution Provider is a comprehensive sports and sports tourism business group.
M VISION 