25 Oct 2019 17:04:00
Notification of Investment in Nippon Kikai Engineering Company Limited by Bangkok Spring Industrial Company Limited (revised)
Acquisition or disposition of assets Pursuant to the Board of Directors' Meeting No. 8/2019 of Somboon Advance Technology Public Company Limited (the "Company") on 8 August 2019 at which Bangkok Spring Industrial Company Limited ("BSK"), a subsidiary of the Company whose 99.99 percent of the total issued shares are held by the Company, was approved to make its investment in 50.99 percent of total issued shares of Nippon Kikai Engineering Company Limited ("NKE"), a company operating business of engineering design in automation, automation system including installation and system integration, with a total investment value of Baht 69,974,100. The said investment is still subject to the fulfillment of the conditions precedent and the accuracy of the warranties in the Share Subscription Agreement, the Share Purchase Agreement and the Shareholder Agreement. Today, the conditions precedent has been fulfilled and the warranties are accurate, BSK, then, makes its investment in NKE. ______________________________________________________________________ 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.