Page 28 - Amata-one-report2020-en

Significant Development
There was no significant change in the Company shareholding structure hence the Kromadit family still holds
majority of the Company’s shares.
Significant Developments in 2020
One Juanary 22, 2020,
MOU is entered details as follow
• Memorandum of Understanding (MOU), is made
by and between the Company and Association
for the Development of Clusters and Technology
Parks of Russia for the purpose of cooperation
and mutual assistance in the industrial
cooperation with Russia in Amata City
Industrial Estate.
On January 24, 2020,
the progress of Yangon Amata Smart
and Eco City Project are as follows
• Amata Asia (Myanmar) Limited, Company’s
subsidiary, entered into the Joint Venture
Agreement and Land Lease Agreement with
Department of Urban and Housing Development,
Union Ministry of Construction, Republic of the
Union of Myanmar (“DUHD”). In this regard,
DUHD will hold 20% of totaling shares of Yangon
Amata Smart and Eco City Limited (YASEC) and
Amata Asia (Myanmar) Limited will hold 80% of
totaling shares YASEC.
On April 9, 2020,
the Board of Directors No. 3/2020
resolved that
• Approved on establishment of Amata Chinese
Smart City Co., Ltd., a joint-venture company
between Amata Corporation Public Company
Limited and Broadwin International Investment
Holding Company Limited (Hong Kong
Company), This joint-venture company
will focus on development of Smart City,
Industrial, Commercial and Mixed Development
and Operation. The Company will hold 60%
of totaling shares.
28 56-1 One Report 2020
On May 14, 2020,
the Board of Directors No. 4/2020
resolved that
• Approved on establishment Amata City Bien Hoa
Joint Stock Company (ACBH), a subsidiary
of Amata VN Public Company Limited to apply
for Investment Registration Certificate to develop
Quang Tri Industrial Park together with two partners
namely Vietnam-Singapore Industrial Park Joint
Venture Company Limited and Sumitomo
Corporation, and enter into joint venture agreement
to establish a joint venture company to operate
the industrial park business with USD 3.3 Million
initial equity capital. ACBH will hold 20% of totaling
shares. Please note that the Joint Venture
Agreement was entered into among parties
on August 18, 2020.
On May 18, 2020,
MOU is entered details as follow
• Memorandum of Understanding (MOU),
is made by and between the Company and
Hongkong Trade Development Council for
the purpose of encourage the investment
from Hong Kong in Amata City Industrial Estate.
On June 1, 2020,
MOU is entered details as follow
• Memorandum of Understanding (MOU),
is made by and between the Company and
Federation of Hongkong Industries for
the purpose of enhance the industrial investment
from Hong Kong in Southeast Asia and Amata City
Industrial Estate.