ANAN Acquires an Additional 4.9mn Shares in Its JV “Ananda MF” to Hold a Total of 99.99%
ANAN Acquires an Additional 4.9mn Shares in Its JV “Ananda MF” to Hold a Total of 99.99%
Ananda Development Public Company Limited (ANAN) announced that the Board of Directors’ Meeting on April 20, 2020 has approved the share purchase of 4,900,000 shares or 49% in the joint venture company, Ananda MF Asia Samyan Co., Ltd. under the Joint Venture Agreement from Sea Investment Five Pte.Ltd. which is not a connected person of ANAN. After the acquisition, ANAN will hold 99.99% of Ananda MF Asia Samyan’s total shares.
The Ananda MF Asia Samyan Co., Ltd. has operated the property development business, condominium project.