Page 184 - Amata-one-report2020-en

12.4 During the fourth quarter of the current year, the Company had an additional investment in
Amata Global PTE. LTD. amounting to Baht 12 million. The Company shareholding in this
company has remained unchanged.

12.5 During the fourth quarter of the current year, Amata City Bienhoa Joint Stock Company

(“ACBH”) had an additional issued-paid shares capital amounting to Baht 73 million. Amata VN
PCL. (“VN”) had an additional investment in ACBH of Baht 66 million. The Company
shareholding in these companies remained unchanged.

12.6 During the third quarter of the current year, the Company had an additional investment in
Amata Asia (Myanmar) Limited amounting to Baht 166 million. The Company shareholding in
this company has remained unchanged. Amata Asia (Myanmar) Limited had an additional
investment in Yangon Amata Smart and Eco City Limited of Baht 78 million. The Company

shareholding in this company has remained unchanged. In addition, the Company invested
Baht 1 million in the ordinary shares of Amata City Lao Sole Company Limited, a company
established in The Lao People's Democratic Republic and engaged in the industrial estate
development, which represented 100% of its called-up share capital. The payment of this
investment was made in August. As a result, the consolidated financial statements included
the financial statement of Amata City Lao Sole Company Limited since the third quarter of the

current year.

12.7 During the first quarter of the current year, the Company had an additional investment in
Amata Asia (Myanmar) Limited amounting to Baht 30 million. The Company shareholding in
this company has remained unchanged. In addition, Amata Asia (Myanmar) Limited had
an additional investment in Yangon Amata Smart and Eco City Limited of Baht 32 million.
The Company shareholding in this company has remained unchanged.

12.8 During the fourth quarter of 2019, Amata VN PCL. (“VN”) had an additional investment in
Amata City Halong Joint Stock Company of Baht 55 million. The Company shareholding in

these companies remained unchanged.
On 25 February 2019, the meeting of the Board of Directors of VN passed a resolution to

approve the disposal of ordinary shares of Amata Township Long Thanh Company Limited
(“ATLT”) to Amata City Bienhoa Joint Stock Company (“ACBH”). Subsequently, on
28 December 2019, the Company sold 92 million ordinary shares at the price of VND 11,000

per share, totaling VND 1,012 billion or equivalent to Baht 1,320 million, representing
a 48.21% interest, to ACBH. The assessment of the management was that, as a result of the
disposal of ordinary shares, the Company has an objective to restructure the Group whereby
ATLT remains as a subsidiary of VN. As a result of the sale of investments in ATLT, the
Group’s shareholding in ATLT had been changed from 72.84% to 67.51%. The Group
recorded the effect of the changes in its shareholding in ATLT, amounting to Baht 97 million,
under the heading of “Deficit from changes in the shareholding of subsidiaries” under

shareholders’ equity in the consolidated statement of financial position.

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184 56-1 One Report 2020