Pinthong Industrial Park PCL's board approved the sale of warehouse buildings and utilities for 779.89 million Baht to Jutawan Co., Ltd., a related party, pending shareholder approval. The company also proposed a dividend payment, re-election and appointment of new directors, and changes to authorized signatories.
This strategic move aims to restructure assets to align with Pinthong Industrial Park PCL's core business of industrial park development, using the proceeds for working capital and further investments. The transaction also includes a framework agreement to prevent business competition between the two related entities and allows Pinthong to install solar power systems on warehouse rooftops.
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Organizations Mentioned
People Mentioned
Mr. Peera Patamavorakulchai
Chief Executive Officer at Pinthong Industrial Park Public Company Limited
Mr. Peer Patamavorakulchai
Director at Pinthong Industrial Park Public Company Limited
Pol. Gen. Udom Raksilatham
Independent Director / Chairman of the Audit Committee at Pinthong Industrial Park Public Company Limited
Dr. Surin Tantijaroenkiat
Independent Director / Audit Committee Member at Pinthong Industrial Park Public Company Limited
Ms. Ladda Siriwattanagkosol
Independent Director / Audit Committee Member at Pinthong Industrial Park Public Company Limited
Mr. Surach Pattanawongyuenyong
Director at Pinthong Industrial Park Public Company Limited
Mr. Sujin Rianwiriyakit
Director at Pinthong Industrial Park Public Company Limited
Mr. Surain Suwanwongkit
Director and Executive at Jutawan Co., Ltd.
Ms. Kedsiri Kanjanaprakasit
Certified Public Accountant at EY Office Limited
Ms. Yujira Tuaton
Certified Public Accountant at EY Office Limited
Ms. Vilaiporn Chaowiwatkul
Certified Public Accountant at EY Office Limited
Mr. Termpong Opanapan
Certified Public Accountant at EY Office Limited