Newsroom
The establishment of a new company
24 Nov 2003
ACC.069/46
November 21,2003
Subject : The establishment of a new company
Attn : Directors and Manager of the Stock Exchange of Thailand
Master AD Public Company Limited (MACO) would like to
announce that the company set to invest in setting up the new company
called MACO Rite Sign Co.,Ltd.with the portions of 500,000 shares @
10 Baht per share, amounting to 5,000,000 Baht. MACO Rite
Sign Co.,Ltd. is fully paid up dated on the 25 November 2003.
To invest on setting up the new company will make the
MACO Rite Sign Co.,Ltd. become a subsidiary company of the Master
AD PLC.
1.The date on which the transaction occurred 25 November 2003
2.Shareholders Structure
Name Number of shares (%)
1) Master Ad PLC. 400,000 80
2) Rite Sign ONM Sweden AB 100,000 20
For these 2 companies there are no sharing directors and
no part in holding the share between MACO and Rite Sign ONM
Sweden AB
3. The general characteristics of the transaction
- Category Type : Common Share (New Set up Company)
- Size of the category : 0.8
- Target set for consideration of the category :
The total value of consideration paid or received compared
with the value of assets
4. The details of the assets involved
4.1 Securities
- The company name lssuer : Maco Rite Sign Co.,Ltd.
- The nature of business :
Types of business is the which manufacture the trivision
for Master AD PLC. and Rite Sign ONM Sweden AB
for use and sale by Master AD PLC. for distribution all over
Asia,Australia and New Zealand. Rite Sign ONM
Sweden AB will cover the USA, Europe and Middle
East market.
- Registered capital : 5,000,000 Baht
- Paid-up capital : 5,000,000 Baht
- Number of securities acquired : 400,000 Shares
- Price per share : 10 Baht (par value)
- Proportion of securities holding before : 0
- Proportion of securities holding after : 80 %
- Board of directors
1) Mr.Noppadon Tansalarak (Director)
2) Mr.Phiched Maneerattanaporn (Director)
3) Mr.Erik Lennart Zettergren (Director)
- Nature share holders
Name ( % )
1) Master Ad PLC. 80
2) Rite Sign ONM Sweden AB 20
5. The tolal value of the consideration : 4,000,000 Baht
The type of payment : Cash
6. The value of the assets acquired : 4,000,000 Baht
7. Value judgments for the return : Buy at par value
8. The benefit expected to be received
8.1 Decreasing cost by 50 % of imported motor for operating Trivision
8.2 Increasing in profit from exporting of the Trivision to Asia,
Australia and New Zealand.
9. The sources of funds : From operating cash flow
10. Reasons for Investment :
10.1 To increase the profit for the company
10.2 To increase the space for advertising
10.3 To increase the market share
10.4 To develop oversea market in using the Trivision
11. Calculation base on the rule of consideration paid or received
compared with the value of assets of the listed company or the listed
company and its subsidiaries, the value is 0.8 which is not under the
rule of acquisition and disposition of assets and the category related.
12. Comment of the Audit committee :
The Audit committee has concluded that this investment uses
less capital whilst getting good benefit in return when compared
with the investment.
Sincerely yours,
(Noppadon Tansalarak)
President & CEO
(Phiched Maneerattanaporn)
Director