Subject: Information Memorandum regarding the Establishment of a Subsidiary to Support Business Expansion in Trading Business of Synthetic Latex, Rubber Gloves, IT Equipment, Office Equipment and Electric Vehicle Import Business
Attention: Director and Manager
The Stock Exchange of Thailand
Dimet (Siam) Public Company Limited ("the Company") hereby informs the resolutions of the Board of Directors' Meeting No. 5/2022, held on 11 August 2022 which was passed the resolution to establish a subsidiary as follows:
Date of Resolution and Tentative Date of Establishment
The Company Board of Directors had the resolution on August 11, 2022 in the Board of Directors' Meeting No. 5 / 2 0 2 2 . The tentative date of establishment is in the third quarter of the year 2022.
Name of the Subsidiary
Super Fast Supply Company Limited ("the Subsidiary")
Investment Objectives
Supporting the objectives of business expansion in form of trading business such as production of synthetic latex, rubber gloves, IT equipment, office equipment and electric vehicle import business
Registered Capital, Amounts of Shares, and Par Value
The Subsidiary's registered capital is THB 5,000,000: divided into 50,000 shares, with par value of THB 100.
The Subsidiary's Capital Structure
Name of Shareholders
No of Shares
% of Shares
Dimet (Siam) Public Company Limited
49,997
99.994%
Mr. Ho-Chih Huang
1
0.002%
Mr. Voradit Thanapatra
1
0.002%
Mrs. Anya Thaworanun
1
0.002%
Page 1 of 2
Type of Business Transactions and Commercial Comemncement Date
The Subsidiary will be the distributor of Nitrile Butadiene Latex (NBL), Styrene Butadiene Latex (SBL), rubber gloves, IT equipment, office equipment and electric vehicle import business. The Subsidiary's commercial commencement date will be in the 4th quarter of this year.
Names of the Subsidiary's Directors
Mr. Ho-Chih Huang
Mr. Voradit Thanapatra
Mrs. Anya Thaworanun
Source of the Subsidiary's Funds From the Company's working capital
In this regard, the above transaction is not connected transaction but classified as an investment acquisition, which the transaction size is 1.45% of the value of the net tangible assets. Thus, this transaction is not required for information report pursuant to the Notification of the Stock Exchange of Thailand Re: Disclosure of Information and Acts of Listed Company Concerning Acquisition and Disposal of Assets. However, this report is in accordance with the disclosure of investment acquisition in other companies resulting such company is the subsidiary of the Company.
Please be informed accordingly.
Yours faithfully,
Anya Thaworanun
(Mrs. Anya Thaworanun)
Company Secretary
Page 2 of 2
Attachments
Original Link
Original Document
Permalink
Disclaimer
Dimet Siam 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 12:02:26 UTC.
Dimet (Siam) Public Company Limited is a Thailand-based company that is engaged in the manufacturing of varnishes and similar types of coatings and wood oil. The Company operates through five segments: manufacture and distribution of paints, construction service, sale of construction materials, maintenance service, and other. The Company's products include DIMET, WATTYL, CARBOLINE and Rust Protection Color. Its DIMET products include GP Q/D Enamel ZP Primer, Lacquer Enamel, GP Q/D Enamel, Aquacote DTM Black, DS Electrostatic B/E Primer, DS Electrostatic Baking Enamel, DS STE 750, DS EPZ 200, DS CTE 660 and DS Poly U-480. The Company's WATTYL products include 239 Super Etch, Wattyl GI Primer, Techcote 3000, Solagard L/S Tower, K/R STE 582, Industrial Epoxy Gloss, K/R Poly U-400 and Wattyl SolaGard Satin/Semi Gloss. Its CARBOLINE products include Carbozinc 11FC, Carbozinc 859, Carbomastic 15, Carboguard 893SG, Carboguard 893SG MIO, Galoseal WB, Carboguard 890GF and Carboguard 690.
DIMET (SIAM) 
