Masterkool International Public Company Limited completed the acquisition of a 99.99% stake in Capital Link Udonthani Company Limited from Kriangkrai Siravinichkan, Romrudee Siravanichkan and Sarun Jetsadaarukkul.
January 16, 2022
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Masterkool International Public Company Limited (SET:KOOL) agreed to acquire a 99.99% stake in Capital Link Udonthani Company Limited from Kriangkrai Siravinichkan, Romrudee Siravanichkan and Sarun Jetsadaarukkul for THB 92.3 million on February 24, 2021. The consideration shall be payable through issuance of shares. As per the transaction, Masterkool International Public Company Limited will acquire 0.04 million shares representing 100% stake of Capital Link Udonthani Company Limited at THB 2306.25 per share. Post completion, Capital Link Udonthani Company Limited will become wholly owned subsidiary of Masterkool International Public Company Limited. As of July 21, 2021, as per the auditor report Capital Link Udonthani has a revenue of THB 3.72 million, Total assets of THB 61.02 million, net loss of THB 0.59 million and Shareholders' Equity of THB 38.52 in March 31, 2021. The transaction is subject to approval from the shareholders of Masterkool International Public Company Limited in general meeting to be held on April 22, 2021. The Board of Directors of Masterkool International Public Company Limited has approved the transaction. The transaction was approved by the shareholders of Masterkool. Araya Partners Limited provided legal due diligence and M.A. Consulting Co., Ltd. provided financial due diligence to Masterkool.
Masterkool International Public Company Limited (SET:KOOL) completed the acquisition of a 99.99% stake in Capital Link Udonthani Company Limited from Kriangkrai Siravinichkan, Romrudee Siravanichkan and Sarun Jetsadaarukkul on January 17, 2022.
Masterkool International Public Company Limited is a Thailand-based company. The principal activities of the Company and its subsidiaries are engaged in the production, sale and service of cooling products such as evaporative air coolers, misting fans, industrial fans, including design, installation and service for ozone systems and providing general renovation and repair service. It also provides business loan and multipurpose loan, real estate development for sale and rent development, buy, sell, repurchase, mortgage, hire-purchase of real estate including lending, financial advisory and support on the initial public offering process to the stock exchange. It also offers vehicle rental services. Its segments include Sale of cooling products and related services, Financial services, Property development, and Vehicles rental. Its subsidiaries include Innov Green Solution Co., Ltd., Capital Link Udonthani Limited, CLL Land Public Company Limited, Khonkaen AMC Limited, and others.
Masterkool International Public Company Limited completed the acquisition of a 99.99% stake in Capital Link Udonthani Company Limited from Kriangkrai Siravinichkan, Romrudee Siravanichkan and Sarun Jetsadaarukkul.