Sansiri Public Company Limited (SET: SIRI) has informed the Stock Exchange of Thailand that on 31 March 2025 the Company has entered a disposal of the ordinary shares in Big Touch 3 Co., Ltd. (which is a subsidiary of the Company that engages in land owning and property development business) to CAI Optimum Fund VCC for the purpose of Apex Alpha 1, fund number UEN: T21VC0263J, incorporated in Singapore, which is managed by Capital Asia Investments Pte. Ltd., (collectively called CAI Fund), totaling 4,655,000 ordinary shares with the par value of THB 100 each or equivalent to 49% of paid-up capital of Big Touch 3 Co., Ltd. at the total purchase price of $18,000,000, equivalent to THB 610,434,000.
The purpose of this transaction is to set Big Touch 3 Co., Ltd. to be a 51:49 joint venture company between the Company and the CAI Fund for the development of residential projects for sale under the resolution of the Board of Directors Meeting No. 1/2025 held on 18 February 2025.
The Board of Directors has delegated the power to the President to consider and make a final decision on such matter,
