“U”’s New Company Establishment in Germany Will Widen Its Assets Business
A 100% shares holding company established by U will expand its assets business in Germany even further.
U City Public Company Limited (U) has informed the Stock Exchange of Thailand regarding the establishment of a new subsidiary to expand the business of U’s subsidiary in Germany.
The new subsidiary is REVO München Hotelbetriebs GmbH, located in Germany, which Vienna International Hotel management AG (VI), 100% indirect shareholding through Lombard Estate Holdings Limited which is 100% of U’s subsidiary, will hold 100% shares.
The business of this newly company will focus on investment in assets business. The registered capital was set at 25,000 euro (approximately 960,000 baht), dividing into 25,000 shares or 1 euro per share.
