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E-mail : thaisugar@tstegroup.com Web Site: www.tstegroup.com PUBLIC COMPANY REG. NO. 0107537001692
No. 044/2565
30th June 2022
Subject: Notification of investment in Nature Best Food Company Limited and the dormitory business
To
The President
Stock Exchange of Thailand
Thai Sugar Terminal Public Company Limited ("the Company") would like to inform you that TS Food Holding Company Limited, a subsidiary of the Company (the Company holds shares 99.99 percent) that has expanded the food business by purchasing ordinary shares of Nature Best Food Company Limited. TSG Trading Company Limited, which is a subsidiary of the Company (the Company holds 79 .80 percent of the total shares) buys related buildings and properties of the dormitory business with details as follows:
1. TS Food Holding Company Limited
Company name
Nature Best Food Company Limited
Location
592/2 Moo 17 Bang Sao Thong subdistrict, Bang Sao Thong district,
Samutprakarn
Business type
Manufacture and distribute seaweed, seasoned seaweed, snacks, and ready
meals
Paid-up capital
40,000,000 Baht divided into 400,000 ordinary shares with a par value of 100
baht per share
Buyer
TS Food Holding Company Limited
Seller
S and K Holding Company Limited and founder shareholders
Number of shares
400,000 ordinary shares, representing 100 percent of the registered capital
purchased
Shareholding structure after
TS Food Holding Company Limited Holding shares in the proportion of 100%
successful share acquisition
2. TSG Trading Company Limited
Land and buildings
1. Land title deed no. 34512, land no. 302, located at 999 Bang Sao Thong
Subdistrict, Bang Sao Thong District Samut Prakan Province having a
total area of 260.3 (two hundred and sixty points three) square wa, and
all buildings including equipment, tools, and furniture located on the said
land.
2. Land title deed no. 76432, land number 1459, located at Bang Sao
Thong Subdistrict, Bang Phli District, Samut Prakan Province. has a total
area of 396 (three hundred ninety-six) square wa (Land)
- 2 -
Business type
Dormitory business
Buyer
TSG Trading Company Limited
Seller
Mr. Somchai Atsavaseranee
In this regard, S & K Holding Company Limited and the group of existing shareholders, the seller of the ordinary shares Nature Best Food Company Limited, and Mr. Somchai Atsavaseranee are not connected persons of the Company and its subsidiaries. Therefore, this transaction is not a related-party transaction according to the Notification of the Capital Market Supervisory Board No. TorJor. 2 1 /2 0 08 . When calculating the size of the asset Disposal of Assets according to the Notification of the Capital Market Supervisory Board No. TorJor. 20/2008 , the maximum total transaction size is 22 .85% based on the net profit criteria, which is more than 15% but less than 50% . Consequently, the Company must disclose information to the Stock Exchange of Thailand, as well as, send information to shareholders within 21 days from the date the Company notifies the Stock Exchange of Thailand.
Pleased be informed accordingly,
Respectfully yours,
(Mr. Chanachai Chutimavoraphand)
Chief Executive Officer and President
Company Secretary Office
Tel.02-1834567 ext. 4012-14
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Thai Sugar Terminal pcl published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 10:32:32 UTC.
TSTE Public Company Limited, formerly Thai Sugar Terminal Public Company Limited, is a Thailand-based company, which is a provider of logistics services. It operates businesses relating to transfer and transportation services for sugar and certain agriculture products, land rental, warehouse and other assets rental, land trading operation, land lots appropriation and construction of buildings on land for sale, rental office and commercial units. Its subsidiaries include T S G Trading Co., Ltd., T S Oil Industry Co., Ltd., T S Flour Mill Public Co., Ltd., T S Warehouse Co., Ltd. and T S Transport and Logistics Co., Ltd. The T S G Trading Co., Ltd. is engaged in the property rental and trading business. T S Oil Industry Co., Ltd is engaged in property rental, silo and warehouse and palm oil extracting operations. T S Flour Mill Public Co., Ltd. is engaged in the production and distribution of wheat flour. T S Warehouse Co., Ltd is engaged in the business of warehousing and loading goods.