News Detail
Date/Time
20 Feb 2017 19:24:00
Headline
Notification of our preliminary consideration on the purchase and lease of the additional OFC from TTTBB, to be entered into with JASIF
Symbol
JASIF
Source
JASIF
Reference is made to the notification made by Jasmine International Public Company Limited ("JAS") to the Stock Exchange of Thailand on the resolutions of its board of directors' meeting no. 2/2017, held on 20 February 2017, regarding that Triple T Broadband Public Company Limited is to sell additional optical fiber cables (the "Additional OFCs") to Jasmine Broadband Internet Infrastructure Fund (the "Fund") and to lease the Addition OFCs from the Fund. BBL Asset Management Co., Ltd. (the "Management Company"), as the management company of the Fund, preliminarily views that the investment in the Additional OFCs is consistent with the core objective of the Fund, which mainly focuses on investing in infrastructures with high income-generating potential to enable the Fund to distribute dividend to unitholders on a long term basis. In this regard, the Management Company will propose the above matters to the Real Estate and Infrastructure Investment Committee (the "IC"). The IC meeting is scheduled to be held on 9 March 2017. Once the IC has approved the principle terms and conditions on the matters, the Management Company will convene a unitholders' meeting to seek approval on certain matters relating to the investment in the Additional OFCs as required under the relevant laws and regulations. Please be informed accordingly. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.