Eason : The progress of interest receiving and Aadditional financial assistance by proportion of the shareholding to All S Holding Co., Ltd.
August 15, 2022 at 02:04 pm
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August 15, 2022
Subject The progress of interest receiving and Aadditional financial assistance by proportion of the shareholding to All S Holding Co., Ltd.
To President
The Stock Exchange of Thailand
Eason & Co Public Company Limited ("Company") would like to report the progress of interest receiving and Notification of additional financial assistance to All S Holding Co., Ltd. ("All S") as follows:
1. The progress of interest receiving from All S
According to the company provide financial assistance to All S by proportion of the shareholding in
amount of 26,250,000 baht with interest rate of 5.00% per year as follow;
Instalment
Loan Amount (baht)
Loan Period
1.
19,750,000
August 31, 2021 - December 30, 2022
2.
6,500,000
March 23 - December 30, 2022
Total
26,250,000
The company would like to inform that the company has received interest from All S in total amount of
486,746.58 baht already as details follows:
2. Notification of additional financial assistance by proportion of the shareholding to All S
The Board of Directors no. 3/2022 dated on August 11, 2022 passed the resolution to provide additional
financial assistance to All S by proportion of the shareholding in amount of 1,562,500 baht for its working capital. The details of transaction as follows;
1.
Details of financial assistance
Guarantee Provider
Eason & Co Public Company Limited
Guarantee Recipient
All S Holding Co., Ltd (Not connected person)
Relations between the company
Joint venture company which the company holds 6.25% of proportion
Type of business of All S
Automobile assembly business, public transportation services, other
technologies that support and relate to public transportation business.
Registered Capital
580 million baht, divided into 5,800,000 ordinary shares,
Par value of 100 baht
Share Holders Structure
No,
Share holders
%
1.
Charoen Aksorn Holding Group Co., Ltd.
75.00
2.
Eason & Co Public Company Limited
6.25
3.
Cho Thavee Public Company Limited
6.25
4.
Mr. Sareungkan Suthatchuto
6.25
5.
Mr. Supanit Chaiyawat
6.25
Total
100.00
Directors
1.
Mr. Somsak
Dararattanaroj
2.
Mr. Surapon
Dararattanaroj
3.
Ms. Sirinun
Dararattanaroj
4.
Mr. Salingkarn Sutatchooto
5.
Mr. Sarayuth Ruengsuwan
2.
General characteristics of the
transaction
Objectives
All S intends to take out a loan from shareholders according to
shareholding proportion to facilitate its working capital
Amount of loan by proportion of
The company holds 6.25% of proportion of All S, equivalent to
share holding
additional financial assistance amount of 1,562,500 baht
Interest rate
5.00% per year
Loan period
August 15 - December 30, 2022
Collateral
None
3.
Conditions of entry into the
None
transaction
4.
Connected person
None
5.
Source of fund
Company's working capital
6.
Opinions of the Audit Committee of
The Audit Committee viewed that the approval for additional financial
the company related to the entering
assistance deems an appropriate and beneficial to All S, since the
into of the transaction
providing of additional financial assistance will support the continuity
of the project, which will be able to generate long term benefits to the
company and shareholders. Therefore, the Audit Committee has
approved the company to enter into such transaction
7.
Opinions of Board of Directors that
None
difference from opinions of the
Audit Committee
Please be informed accordingly,
(Mr. Nathapol Eksangkul)
Deputy Managing Director
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Eason & Co pcl published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 13:02:44 UTC.
Eason & Co Public Company Limited is a Thailand-based company engaged in manufacturing and selling industrial paints, such as off-set inks, motorcycle paints, packaging coatings and others. The Companyâs segments include automotive paints, other industrial paints and other. The products are divided into three categories, namely motorcycle coatings, packaging coatings, and offset ink for metal packaging. The motorcycle coatings are used for both fuel tanks and motorcycle parts. The coatings for packaging are made from tin-free steel, tin-plated steel, and aluminum, such as the coatings for cans, aluminum straw, and crown caps. The packaging coatings are categorized into three types, namely general can coatings, food can coatings, and others. The Company produces a four-color ink set and specialized ink. Also, the Company is developing the ink for aluminum screw caps and those in the ultraviolet (UV) system. The Company's brands include BASF, Eason, Nok Bin Khoo, and INX.