SET Announcements
08 February 2013
Additional Investment in Inkjet Images(Thailand) Co.,Ltd.
Acquisition and disposition of assets
IRS. 004/2013
February 8, 2013
Re: Additional Investment In Inkjet Images (Thailand) Co.,Ltd.
To: The President
The Stock Exchange of Thailand
Master AD Public Company Limited (MACO) held a board of Director's meeting
1/2013 in February, 8 2013 where a resolution to Acquire more shares of Inkjet
Images (Thailand) Co.,Ltd. This transaction is not Qualified as a connected
transaction with following details;
1. The date on which the transaction occurred: within March 2013
2. The parties involved
Buyer : Master Ad. Plc.
Seller : Mr. Lim Chee min
3. The general characteristics of the transaction:
MACO will purchase in Inkjet Images (Thailand) Co.,Ltd.'s ordinary Shares
4. The details of the assets involved
The Company name issuer : Inkjet Images (Thailand) Co., Ltd.
The Nature of Business : Advertisement
Paid up Capital : Baht 6,000,000 ( 600,000 shares
with a par value of Baht 10)
Number of securities acquired : 100,000 Shares
Price per share : Baht 55
Proportion of securities holding before : 33.33 %
Proportion of securities holding after : 50.00 %
5. The total value of the consideration : Baht 5,500,000
The type of payment : Cash
6. The value of the assets acquired : Baht 5,500,000
7. The details of the connected persons and of related person : -None-
8. Valuation criteria : Book Value as of December 31, 2012
9. Reasons for Investment : Acquiring more shares in the investment
10. The benefit expected to be received : Increase proportion of profitability
11. The sources of funds : From MACO's operating cash flow
12. Comment of the Audit committee Audit Committee to comment that the
transactions mentioned above does not constitute a conflict of interest and
transaction information in the accuracy and completeness.
13. Calculation base on the rule of consideration paid or received compare with
the value of
assets of the listed company or the listed company can its subsidiaries the
value is 0.95 which is not under the rule of acquisition and disposition of
assets and the category related.
Please be informed accordingly
Yours Sincerely,
Noppadon Tansalarak
Director
Phiched Maneerattanaporn
Director
______________________________________________________________________
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