No. SWG 100/2022 Date: August 10, 2022
Subject: Notification on the Establishment of a Joint Venture Company of a Subsidiary To President, The Stock Exchange of Thailand
Siam Wellness Group Public Company Limited ("the Company") would like to inform that the Board of Directors Meeting on August 1 0 , 2 0 2 2 , agreed to allow Siam Wellness Lab Company Limited, a subsidiary of the Company, to establish joint venture companies as follows:
Company Name | Siam Wellness Amara Company Limited |
Registered capital 1 million baht divided into 1 0 , 0 0 0 ordinary shares with a par value of 100 baht per share.
Shareholding Structure Siam Wellness Lab Co., Ltd. 51% and Amara Asia Co.,Ltd. 49%
Type of business | Clinic for consulting and treating sleep quality (Sleep Clinic) as well as |
developing various cannabis products for medical purpose. | |
Source of investment | Working capital within the business |
Connected nature | The Company and its Subsidiaries There is no relationship with Amara Asia |
Company Limited in such a way that the joint establishment of the Company | |
is considered a connected transaction. | |
Transaction Size | The establishment of Siam Wellness Amara Co., Ltd. has the transaction size |
based on the total value of consideration criterion, which has the highest result | |
equal to 0.02%( calculated from the consolidated financial statements ended | |
June 3 0 ,2 0 2 2 ) when combined with the acquisition of assets in the past | |
6 months, It has not yet reached the criteria to prepare and disclose the | |
information memorandum according to the Notification of the Capital Market | |
Board No. TorJor. 20/2551 Re: Criteria for making significant transactions | |
that are considered to be acquiring or disposing of assets (including those | |
amended) and the Notification of the Board of Directors of the Stock | |
Exchange of Thailand Re: Disclosure of Information and Acts of Listed | |
Companies Concerning the Acquisition or Disposition of Assets B.E. 2004 |
Please be informed accordingly.
Yours Sincerely,
(Mr. Wiboon Utsahajit)
Chief Executive Officer
Siam Wellness Group Public Company Limited
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Siam Wellness Group pcl published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 13:00:07 UTC.