OSP to Invest in Glass Bottle and Trading Company in Myanmar, Budgeting ฿140mn

Osotspa Public Company Limited (OSP) announced regarding the investment in glass bottle manufacturing and trading company in Myanmar through Myanmar Golden Eagle Company Limited (MGE), which investment was made on 13 November 2019 and through Myanmar Golden Glass Company Limited (MGG) in order to expand international business.

 

OSP reported that on 19 May 2020, OSP has invested in MGG by subscribing its new ordinary shares. OSP has an interest in MGG for 51.84 percent of total registered capital in ordinary shares and preferred shares.

 

OSP will invest in MGG with the total amount of 6,093,330,000 Myanmar Kyat or approximately 139,537,257 Baht. As of 19 May 2020, OSP has already invested 4,708,866,945 Myanmar Kyat or approximately 107,833,053 Baht. The remaining amount of 1,384,463,055 Myanmar Kyat or approximately 31,704,204 Baht will be executed within 15 December 2020.