Asset Management Company Bualuang Company Limited (management company) as the management company of Jasmine Broadband Internet Infrastructure Fund or JASIF (Fund) revealed that today (August 23, 2023) the Extraordinary General Meeting of Unitholders of the Fund No. 1/2023 was held, with the key issue being a vote to amend the rental contract on the issue of guaranteed income. The lowest rates of Triple T Broadband Public Company Limited or TTTBB (3BB) are:
1. Request for a waiver to suspend rent payments and default in payment of rent under the Rental Income Assurance Agreement
2. Request for termination of the Rental Assurance Agreement and service agreement for procuring tenants of the property
3. Consider amending the amendment agreement and replacing the main lease agreement by extending the term of the Amendment Agreement and replacing the Main Lease Agreement from the original ending date of 29 Jan. 2032 to 31 Dec. 2038, and the rental rate from 30 Jan. 2032 until 31 Dec. 2032 is equal to 402.37 baht per core kilometer. per month Rental rate from 1 Jan. 2033 until December 31, 2038 will be adjusted every January 1 of every year according to the rate of change of the index. consumer price (CPI) no more than 3% per annum, but not less than 0% per year
Today, there are a total of 914 unitholders attending the meeting in person and by proxy, holding a total of 3,870,992,461 units, equivalent to 48.3874% of the total number of investment units sold of the fund. (8,000,000,000 units) had important resolutions as follows:
In this agenda, the meeting resolved to approve 2,487,725,184 units, equivalent to 96.2152%, disagreed 93,254,343 units, equivalent to 3.6067%, abstained 1,260,944 units, equivalent to 0.0487% and voided ballots 3,341,827 units, equivalent to 0.1292%.
Incidentally, earlier A source from the communications industry revealed to “Business News” that from the discussions between AIS and the NBTC, it is expected that the NBTC board will be able to consider a merger deal between AWN, a subsidiary of Advanced Info Service Public Company Limited, or ADVANCE and 3BB within this September.
After the NBTC board has approved, AIS will buy shares of 3BB and JASIF according to the agreement with Jasmine Company. Public Company Limited or JAS with a total value of 32 billion baht and transfer shares into the AIS portfolio.
The source added that After the transfer of JASIF into the portfolio, AIS plans to sell assets to the Jasmine Broadband Internet Infrastructure Fund, not less than 50 billion baht, together with the terms of the rental agreement as the first choice. However, if JASIF does not accept the offer is ready to set up its own AIS Infrastructure Fund to support the assets to be transferred both telecommunication towers Fiber optics and broadband
“AIS ready to take assets both telecommunication towers fiber optic system and broadband system sell to fund JASIF is the first choice, no less than 5 Billion baht but less than hundred million baht which depends on the necessity of spending money” the news source said
At present, the asset size of JASIF as of June 30, 2023 is approximately 94 billion baht. If the assets of AIS to be sold for another 50 billion baht will equal 144 billion baht.
As for the vote on the JASIF lease adjustment at the unitholders’ meeting on August 23, 2023, it is believed that the unitholders will vote in favor of JAS’s proposal on the rent restructuring. And after AIS has acquired a major shareholder Debt repayment will return to normal. while the fund manager Has a duty to negotiate with Bangkok Bank Public Company Limited or BBL to request a reduction in interest and extend the repayment period after the new sponsor (ADVANC) came in
2023-08-23 12:42:07
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