News Detail

Date/Time
17 May 2022 20:25:00
Headline
Disclosure of Information Concerning the Acquisition of Assets (Adjusted)
Symbol
ALT
Source
ALT
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                Acquisition or disposition of assets

Ref VP220504

May 17, 2022

Subject: Disclosure of Information Concerning the Acquisition of Assets 
(Adjusted)
To:          President, the Stock Exchange of Thailand
Enclosures: Information Concerning the Acquisition of Assets in Account (1) & 
(2)

ALT Telecom Public Company Limited (the "Company") convened the Board of 
Directors Meeting No. 2/2022 on May 10, 2022 to consider and approve the
investment project for the construction of a fiber communication system network,
 to connect data centers according to the requirement of customer.

The resolution of Board of Directors' meeting approved to invest in the project 
under the construction budget of THB 600 million.

The size of investment transaction calculated by comparing the total value of 
consideration paid with the value of total assets of the Company as of March 31,
 2022 was 21.36%. So, the transaction was considered as Type 2 transaction.

The value of Investment budget              THB    600.00 million
Total asset of the Company as of March 31, 2022     THB    2,805.87 million
Proportion of Investment/Total Assets         600.00/2,805.87 = 21.38%
The Company has no other investment transactions approval in the past 6 months 
period.

Because the investment in such project is worth the transaction size as Type 2, 
according to the method of calculating the transaction size by using the total
value of consideration criterion, according to the Notification of the Capital
Market Supervisory Board No. TorJor. 20/2008 Re: Rules for Significant
Transactions Qualified as Acquisition or Disposition of Assets dated August 31,
2008 and the Notification of the Board of Governors 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 dated October 29, 2004. The
Company is obliged to disclose information to the Stock Exchange of Thailand and
make a circular letter to shareholders within 21 days from the date of
notification to SET.
The Company, with the acceptance of the Board of Directors, hereby certifies 
that the information contained in this notification is true and correct in all
respects, was prepared with due care and caution and holding on the interests of
 the shareholders as a priority.

For your information.

Best regards,
Somboon Setsuntipong                    
Vice President
Finance & Accounting
______________________________________________________________________
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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
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losses and damages in any cases.  In case you have any inquiries or
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