Sale of investment in the securities company in Vietnam

BackOct 30, 2009

Ref.No.OBD.113/2009

29th October 2009

Subject : Sale of investment in the securities company in Vietnam

To : The President The Stock Exchange of Thailand

Seamico Securities Public Company Limited ("Seamico") would like to inform the resolution of the Board of Directors Meeting No. 7/2009 held on 29th October 2009 that the meeting has approved the sale of all investment of 18.88% in Thanh Cong Securities Company J.S.C., a securities company in Vietnam to KT ZMICO Securities Company Limited, an affiliated company with 49.45% holding interest.

The Board of Directors approved the sale of investment at the price of Baht 161.24 million and authorized the management discretionary proceeding for the completion of the sale of investment.

The value of transactions compared with the value of assets of Seamico Securities Public Company Limited and its subsidiary as at 30th June 2009 is less than 15% which is not required the disclosure under the notifications of the Board of Governors of the Stock Exchange of Thailand "Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004".

The transaction is exempted from the obligations under Notification of the board of governors Of the stock exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions, 2003 (Section 2, Clause 7(4), as the transaction between a listed company and a connected person that is a juristic person having a controlling person whom the listed company as a shareholder of such juristic person has delegated to oversee such juristic person.

Please be informed accordingly.

Yours faithfully,
SEAMICO SECURITIES PLC.

 

Mrs.Duangrat Watanapongchat
Company Secretary

Attachments

  • 2009-10-30_ZMICO_E.pdf (Size: 47,863 bytes)


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