Page 27 - ACC One Report 2567-En

• On May 6, 2015, the company established ACCG for renewable energy business. To develop other renewable energy projects with a registered capital, 1,000,000 baht is divided into 100,000 ordinary shares with a par value of 10 baht each, in which the company holds 100.00 percent of shares and was registered with the Ministry of Commerce on May 18, 2015. On November 3, 2015, the Extraordinary General Meeting of Shareholders of ACCG passed a special resolution approving the increase of its registered capital from 1,000,000 baht to 10,000,000 baht by issuing 900,000 ordinary shares at a par value of 10 baht per share.
• The company has established ACC E for retail and wholesale business. To expand investment in other trading businesses with a registered capital of 1,000,000 baht, it is divided into 100,000 ordinary shares with a par value of 10 baht per share, which the company held 100.00 percent of which was registered with the Ministry of Commerce on 21 May 2015. In addition, the company has established ACCL to operate the business of real estate development. To develop and support any real estate projects in the future with a registered capital of 1,000,000 baht, it is divided into 100,000 ordinary shares with a par value of 10 baht per share, which the company held 100.00 percent of shares and was registered with the Ministry of Commerce on May 21, 2015 as well.
• In June 2015, the major shareholder was changed from Summax Investments Limited to Mr. Piamsak Limpatakmongkol. This change did not affect the management structure of the Company in any way.
• On August 17, 2015, the Company sold investment in ordinary shares of ACC L to PM in the amount of 25,000 shares at the par value of 10 baht per share, total amount of 250,000 baht, representing 25.00 percent. As a result, the Company's current investment in ACC L remains at 75.00 percent.
• In addition, on August 17, 2015, the Company also signed a memorandum of agreement to study the feasibility of investing in a land development project with Thai Lanna Food and Cultural Center Co., Ltd. (“Thai Lanna”). The agreement has a period of 6 months. The company has deposited money as collateral in the amount of 150.00 million baht. Thai Lanna agreed not to use or allow other people to use the said land including the negotiation of the sale of such land to other people throughout the period of this memorandum. If Thai Lanna violates the agreement, the company has the right to cancel the contract and demand a refund of the security deposit with interest at the rate of 7.50 percent per year.
• Subsequently, on September 4, 2015, the extraordinary general meeting of shareholders of ACCL passed a special resolution approving the increase of the registered capital from the original amount of 1,000,000 baht to 50,000,000 baht by issuing 4,900,000 ordinary shares with a par value of 10 baht per share and the firm registered the capital increase with the Ministry of Commerce on September 14, 2015. The Company has invested proportionately in ordinary shares from the increased capital with the amount of 36.75 million baht.
• The Board of Directors' Meeting No. 7/2015 held on May 6, 2015 resolved to approve the change of name. The company has to propose to the 2015 Annual General Meeting of Shareholders on November 16, 2015 for consideration and approval before making any of the following changes.
Name in Thai : “บริิษััท แอดวานซ์์ คอนเนคชั่ัน คอริ์ปอเริชั่ัน จํากััด (มหาชั่น)”
English name : “ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED” Stock symbol : “ACC ”
• On December 15, 2015, the Company signed a Memorandum of Understanding (MOU) to purchase 100% of ordinary shares of Saraburi Group. The buyer has to pay the first installment in the amount of 32.00 million baht on the signing of the MOU. The second installment in the amount of 32.00 million baht is paid 10 days from the date of signing the MOU. The rest is paid within 45 days from the date that the shareholders' meeting approved.
• On December 23, 2015, the company entered into a Memorandum of Agreement to purchase ordinary shares of 105 solar with WIN to operate a solar power plant on the roof of a building with a total investment of 19.89 million baht in order to have a shareholding proportion of 51.00 percent. On December 28, 2015, the company paid the first payment of shares in the amount of 7.00 million baht.
• On December 28, 2015, the company purchased 2,499,000 ordinary shares of BSP from WIN with a par value of 10 baht per share with 51.00% of BSP's paid-up capital and a total investment of 24,990,000 baht.
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
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