Principal Capital Public Company Limited (SET: PRINC) has informed the Stock Exchange of Thailand that, pursuant to the resolution of the Board of Directors’ Meeting No. 3/2025 held on 19th March 2025, the Company approved the establishment of a new subsidiary and the acquisition of the entire hospital business of Thanakarn Hospital Co., Ltd., a private hospital located in Kanchanaburi Province.
The new subsidiary, Principal Healthcare – Kanchanaburi Co., Ltd. (PKRI), will become a subsidiary solely owned by PRINC with a registered capital of not exceeding THB 300 million.
PKRI will then acquire the business by way of an entire business transfer (EBT) of Thanakarn Hospital Co., Ltd. (Thanakarn), a company operating a private hospital under the name “Thanakarn Hospital” which is a general hospital with 74 beds, located at 20/20 Saeng Chooto Rd. Ban Tai, Mueang Kanchanaburi, Kanchanaburi Province. The acquisition aligns with the Company’s strategy to expand its private hospital network.
PKRI entered into the Entire Business Transfer Agreement (EBTA) with Thanakarn on 8th April 2025. Under the terms and conditions of the agreement, PKRI will acquire the business by way of an entire business of Thanakarn for a total consideration not exceeding THB 577 million. The source of funds will be the Company’s internal cash flow and bank loans.
