Asset Acquisitions and Disposals::Notification on the Asset Acquisition of Bangkok Dusit Medical Services Public Company Limited

Issuer & Securities

Issuer/ Manager
BANGKOK DUSIT MEDICAL SERVICES PUBLIC COMPANY LIMITED
Securities
BANGKOKDUSITMED THB10BCB190918 - XS1108673440 - 16JB
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
28-Sep-2016 20:30:17
Status
New
Announcement Sub Title
Notification on the Asset Acquisition of Bangkok Dusit Medical Services Public Company Limited
Announcement Reference
SG160928OTHRIP87
Submitted By (Co./ Ind. Name)
Bangkok Dusit Medical Services PCL
Designation
Mrs. Narumol Noi-am
Effective Date and Time of the event
28/09/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Board of Directors Meeting No. 9-2016 of Bangkok Dusit Medical Services Public Company Limited (the Company ) convened on 28 September 2016 has passed the following material resolutions

1. Approved the Company and/or its subsidiary entering into the transaction to acquire the land in the NaiLert Park project area located at No. 2 Wireless Rd., Lumpini Sub-District, Pathumwan District, Bangkok, with the total area of approximately 15 rai and Swiss Hotel Park Nai Lert, the Promenade building, and other buildings on the land from Mrs. Sanhapit Sombatsiri and Mrs. Bilaibhan Sombatsiri (Collectively referred to as the Sellers ) in order to develop the holistic service medical center project (BDMS Wellness Clinic). In this regard, the Sellers are not the connected person of the Company. The entering into of the transaction considered as a Type 2 asset acquisition transaction, namely, a transaction with the value equivalent to 15 percent or higher but lower than 50 percent in accordance with the Notification of the Capital Market Subsidiary Board No. TorChor. 20-2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and Notification 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 B.E. 2547 (2004). Consequently, the Company is required to disclose the Information Memorandum on the entering into of the transaction to the Stock Exchange of Thailand and deliver the circular to the shareholders within the period of 21 days from the date on which the Information Memorandum is disclosed to the Stock Exchange of Thailand. The details of the Information Memorandum on the Asset Acquisition of the Company are set out in the Enclosure

2. Approved the Company to set up a wholly-owned subsidiary under the name of BDMS Wellness Clinic Company Limited with registered capital of Baht 6400 million to purchase and acquire land and buildings to operate BDMS Wellness Clinic.

Attachments

Untitled_28092016_184757.pdf
Total size =5439K