- Translation -
Ref. LMJG/SET/2017/011
November 10, 2017
Subject: Notice of investment termination in PVR BLUO Entertainment Limited (Edit No.2), Attention: The President
The Stock Exchange of Thailand
Major Cineplex Group Public Company Limited (the "Company") would like to inform that the Company has terminated the investment in PVR BLUO Entertainment Limited as follow details:
Date of Transaction: 1 September 2017
Related Parties: Buyer : Smaaash Entertainment Private Limited who operates the virtual sports games business in India
Seller : Major Cineplex Group Public Company Limited
The Company (or Seller) and the buyer are not classified as related parties according to the Notification of the Capital Market Supervisory Board No. Tor Jor. 21/2551 Re: Rules on Connected Transactions
Transaction Asset: 17,896,666 Shares (49.00%) of PVR BLUO Entertainment Limited to Smaaash
Entertainment Private
Type of Business: Entertainment Business
Type of transaction: To terminate investment by consideration on the appraised value of the assets of
PVR-BluO, which is worth Rs. 860,000,000. The Company held 49% of the investment and profited of Rs. 17,000,000 and Rs 37,000,000 in consolidated financial statement and separated financial statement as at 30 September 2017 respectively. However, as a result of the exchange rate fluctuation, the Company lost from this transaction in sum of Baht 44,000,000 and Baht 40,000,000 in consolidated financial statement and separated financial statement as at 30 September 2017 respectively.
Shareholding before transaction: 49.00% of the Registered Capital
Shareholding after transaction: 0% of the Registered Capital
We are also pleased to inform that the size of above transaction falls under "the acquisition and disposal of asset" in which total transaction value is less than 15% of company's Net Tangible Asset (NTA), and is not a related transaction and that the size of the transaction does not require us to disclose the information in accordance with the disclosure rule for acquisition and disposition of assets of a listed company.
Please be informed accordingly.
- Signed - Yours sincerely,
(Miss Thitapat Issarapornpat)
Company Secretary
MAJOR CINEPLEX GROUP PUBLIC COMPANY LIMITED.Registration No. 0107545000047
1839, 1839/1-6 Phaholyothin Rd., Ladyao, Jatuchak, Bangkok 10900 Tel: 0-2511-5427-36 www.majorcineplex.com
Major Cineplex Group pcl published this content on 17 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 November 2017 05:52:02 UTC.
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