U Establishes a Subsidiary in Romania for Shareholding Restructure Plan of Hotel Business

U City Public Company Limited (U) has announced to form a new subsidiary in Romania to be in line with the shareholding restructure plan of U’s subsidiaries which operated hotel business in Europe.

The new subsidiary has formed under the name Vienna House Easy Bucharest S.R.L with the registered capital RON 45,000 (approximately THB 336,600). The number of shares is 4,500 shares, par value is RON 10 (approximately THB 74.8), and paid-up capital RON 45,000 (approximately THB 336,600).
The new set up company’s shares are held by Vienna House Capital GmbH (VHC) at the ratio of 1 percent and Vienna International Hotelmanagement AG (VI AG) at the ratio of 99 percent The Company has 100 percent indirect shareholding in VHC and VI AG via Lombard Estate Holdings Limited, which is U’s subsidiary in which the Company holds 100 percent of its total issued shares.