AWC under the Charoen Sirivadhanabhakdi Group spends nearly 20 billion baht to buy a business to invest in “Ineng Nakhon Kasem – a company Wannasap – Sigma Resort Jomtien, Pattaya “
Business acquisition It is one of the important strategies of the PCL.Asset World Corp. (AWC) in Charoen Sirivadhanabhakdi Group To expand business To grow exponentially, the latest AWC announced a budget of nearly 20 billion baht in acquisitions And develop 3 new projects
Asset World Corp. (AWC) revealed that the Board of Directors’ meeting Unanimous In approving the investment in TCC Vengnakorn Khasem Company Limited and Wannasap Pattana Company Limited, which is considered a connected transaction of the Company
Investment in TCC Veng Nakorn Khasem Company Limited, the developer of the Nakhon Kasem Inlet Project By acquiring ordinary shares from existing shareholders Which is a connected person of 300 million shares or 100% of TCC’s total shares Nakorn Khasem vault, worth 8,2651 million baht
In addition, TCC Veng Nakorn Khasem Need money to invest For the project development, approximately 8,247.8 million baht. Must pay approximately 16,595.5 million baht.
For such project development plan Will be a mixed use project Starting with the opening of the car park around Q3 2026, followed by retail and hotel areas, Q1 2027 and hotel-managed suites. Joint rental apartments And Soho apartments around the third quarter of 2027
As for the investment in the company Wannasap Pattana Co., Ltd. will buy 10,000 ordinary shares or 100% of the total shares of Wannasappattana From existing shareholders Which is a connected person with the Company Total value approximately 502 million baht to acquire the leasehold of the Lasalle Project 8-2-94 rai
Wannasappattana Have rental burden Payable over the term of the land lease agreement of approximately 147 million baht and plans to develop the project of 514.8 million baht. Must pay approximately 712.3 million baht, which will start operation of the Lasalle project of 8 rai approximately in the first quarter of 2023.
The transaction is considered a connected transaction. This is because it is an entry into a transaction between the Company and / or its subsidiary with the seller of ordinary shares in TCC. Vengnakorn Khasem and Wannapattana with Mr. Charoen Sirivadhanabhakdi And Khunying Wanna Sirivadhanabhakdi, director and major shareholder of the Company Being a direct shareholder Or indirectly totaling more than 10% of the sellers
At the same time, Asset World Corp. has also signed an agreement to purchase and sell the Sigma Resort, Jomtien Pattaya, Pattaya with Apex Development Plc. Which is a hotel with a 14-storey building on Jomtien Beach Road It consists of 287 rooms with a total amount of 550 million baht.
In addition, additional budget is expected. To improve the project in the amount of 1,288 million baht, total investment value of 1,838 million baht.
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