Aqua Corporation Public Company Limited (SET: AQUA) stated that after the disposal of ordinary shares in the subsidiaries operating the out of home media business to Plan B Media Public Company Limited (SET: PLANB) and acquired its newly issued ordinary shares to hold a stake in PLANB, the company still maintains its core business operations that will yield constant revenue.
AQUA maintains two income sources after the disposal of its OOH business, which are; 1) investment properties and services of Thai Consumer Distribution Centre Company Limited (TCDC) that operates storage warehouse business and generates an average of 180 million baht of profit per annum, and 2) the energy and utilities business of Eastern Power Group Public Company Limited (SET: EP) that generates an average of 100-150 million baht in profit sharing per annum. The investment is deemed to be rewarding, giving good long-term returns. AQUA noted that it expects to announce a new business operation in late February 2022.
