TRUBB Approves to Bring a Subsidiary “World Flex” Listing on SET

Thai Rubber Latex Group Public Company Limited (TRUBB) announced the Board of Directors’ Meeting held on June 4, 2020 has approved in principle of bringing World Flex Public Company Limited, a subsidiary company, listed on the Stock Exchange of Thailand (SET) and/or the Market for Alternative Investment (MAI) by issuing and offering the ordinary shares to the public, the Initial Public offering (IPO). 

The board of directors has assigned the executive management team to study plan to bring World Flex Public Company Limited listed on SET/MAI including details consideration that relate to the plan. TRUBB expects to complete the study and examine all related details involving this issue within the third quarter of the year and will follow the announcement of acquisition/disposal of assets imposed by Stock Exchange of Thailand. If there is any progress, TRUBB will inform further information.