Ref. SF 073/2022
16 August 2022
Subject: Notification of the Board of Directors' resolution: on cancellation of capital increasing in the companys subsidiary and cancellation of investing in Bitcoin mining
Attention: President The Stock Exchange of Thailand
In reference to the resolution of the Board of Directors Meeting of Starflex Public Company Limited ("the Company") no. 3/2022 held on May 11, 2022, The Board of Directors had resolved to approve increasing of registered capital of the companys subsidiary, PS Plus Consulting Company Limited, from 20 million baht to 120 million baht. The increased capital was expected to use in Bitcoin mining investment.
Due to the Bitcoin price has dropped below the point where bitcoin mining may not generate an attractive return. The Board of Directors Meeting of the Company no. 4/2022 held on August 10, 2022, has resolved to cancel the capital increasing in the companys subsidiary and also cancel the investing in Bitcoin mining.
Please be informed accordingly.
Sincerely yours,
(Mr. Somchai Wongrassamee)
Chief Financial Officer
Starflex Public Company Limited | |||||||
189/48-49 M 3, Theparak Rd, | |||||||
Bangprieng, Bangbo | District, | T : | 66 | (02) | 708-2555 | W | : www.starflex.co.th |
Samutprakarn 10560 | Thailand | F : | 66 | (02) | 708-2355 | M | : contactus@starflex.co.th |
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Starflex pcl published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 11:23:09 UTC.