Ref. OBD. No. 024/2022
16th June 2022
Subject | : | The establishment of a new subsidiary |
To | : | The President |
The Stock Exchange of Thailand |
XSpring Capital Public Company Limited ("the Company") would like to inform that the Company has established a new subsidiary in the USA for the expansion of the Company's business as following details.
Company's Name | On process of verifying available name from US agencies |
Type of Business | Investment |
Registration Date | On process, the company should be registered within Q3 of year 2022. |
Location | On process |
Initial Registered Capital | on process, the company will be registered with the minimum amount as |
and Shares | required by relevant US law. |
Shareholding Structure | The Company holds 100% shares. |
Directors' Name | Ms. Varangkana Artkarasatapon |
Source of Fund | Cash flow from operations of the Company |
The above establishment is in accordance with the resolutions of the Board of Directors Meeting No. 5/2022 dated 16th June 2022.
This information disclosure is not connected transaction and the transaction size is exempted from being disclosed under the role and procedure concerning the acquisition and deposition of assets of listed company in accordance with the Notification of the Capital Market Supervisory Board.
Please be informed accordingly.
Yours faithfully,
Ms. Varangkana Artkarasatapon
President
Company Secretary Office
Tel: 02-030-3730 ext. 1001
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Xspring Capital pcl published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 10:42:06 UTC.