Page 28 - ACC One Report 2567-En

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Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
Year 2016
• On March 11, 2016, the Extraordinary General Meeting of Shareholders No. 1/2016 passed a resolution approving 10 companies to jointly invest in Saraburi Group in a solar farm project with a production capacity of 5.5 megawatts. The investment size is 290 million baht, representing 100.00 percent of the registered capital in June 2016. The company has fully paid the investment and holds all shares in the mentioned project.
• On March 11, 2016, the Extraordinary General Meeting of Shareholders Has resolved to approve the increase of the registered capital from the original amount of 300 million baht to 375 million baht by issuing 300 million new ordinary shares with a par value of 0.25 baht per share to accommodate the exercise of warrants to purchase ordinary shares of company. It is also resolved to approve the issuance and offering of warrants to purchase newly issued ordinary shares of the company to existing shareholders in the amount of 300 million units at the ratio of 4 existing ordinary shares to 1 unit of warrants.
• On April 27, 2016, the Annual General Meeting of Shareholders to bring the legal reserve in the amount of 24 million baht and the premium on ordinary shares in the amount of 38.81 million baht to compensate the accumulated loss. Issuance and offering of all types of debentures in the amount not exceeding 1,000 million baht or equivalent amount in other currencies. The issuance of debentures is intended for business use. The company has issued and offered debentures totaling 600 million baht with a tenor of 1 year and 9 months due on April 9, 2018 with an interest rate of 6% per year.
• On October 31, 2016, Thai Lanna Food and Cultural Center Co., Ltd. defaulted on land transfer for debt settlement. The company then assigned a lawyer to enforce the transfer of land to settle the debt.
• On November 11, 2016, the subsidiary company (ACC G) received the land transfer of Rassada Subdistrict, Mueang Phuket District, Phuket from Thai Lanna Food and Cultural Center Co., Ltd. for this settlement.
Year 2017
• On January 12, 2017, the subsidiary company (CEI) requested to terminate the lease agreement before the expiration of the lease ecause the company sees that the Khantoke business and the Khum Kham building international convention center have the potential to generate more returns than renting. The subsidiary (CEI) will enter the business from April 1, 2017 onwards
• On December 1, 2017, a subsidiary company (Saraburi Project Group) has merged 10 companies by establishing Saraburi Solar Co., Ltd. to accept the transfer of 10 companies.