Ananda Development Public Company Limited, or ANAN, has acquired shares in ADC-JV 21 Company Limited from two foreign sellers, totaling 2,669,173 shares, representing 44.60% of all shares, for a total value of 10.92 million US dollars, or approximately 359.98 million baht. The company bought 2,530,462 shares, or 42.28%, from Everland Opportunities Thirteen Limited at 4.04 US dollars per share, and 138,711 shares, or 2.32%, from Landmark Investment Limited at 5.11 US dollars per share. Neither seller is related to ANAN, so the transaction is not classified as a related party transaction. The purchase price follows obligations under the shareholders' agreement and was paid in cash from internal working capital and bank loans. After the transaction, ADC-JV 21 will change its status from a joint venture to a subsidiary of ANAN, enabling more efficient asset management in line with the business plan.
Ananda Development Public Company LimitedANAN acquires additional stake in ADC-JV 21, increasing control and enabling efficient asset management.
