Page 29 - ACC One Report 2567-En

Year 2018
• On January 18, 2018, the company entered into an agreement to buy and sell land and factory buildings for rent in Samut Prakan Province which the company will sell the land and buildings at a total price of 240 million baht to Innovative Design and Manufacturing Co., Ltd., which has no relationship with the firm and is not a relevant party. The buyer will pay a deposit of 15 million baht on the day of the buying and selling contract and on March 8, 2018, the company has transferred the ownership. The remaining amount of 225 million baht will help strengthen the financial position of the company and it was used as working capital for business operations including investing in future projects of the company
• In addition, on January 22, 2018, the Extraordinary General Meeting of Shareholders of the Company No. 1/2018 resolved to approve the increase of the Company's registered capital from 374,999,912.50 baht to 524,999,912.50 baht by issuing 600,000,000 new ordinary shares with a par value of 0.25 baht, resulting in the company's total registered shares of 2,099,999,650 shares. In this case, such capital increase will strengthen the company's financial position to support business expansion and investment including the reserve as working capital of the company. As a result, a total of 16 shareholders exercised their rights to subscribe for 143,054,557 newly issued ordinary shares, equivalent to the ordinary shares of 35,763,639.25 baht and premium on ordinary shares 50,069,094.95 baht including the money that the company received for the newly issued ordinary shares in the amount of 85,832,734.20 baht as of March 12, 2018. The company's paid-up capital is 335,763,639.25 baht. This will help strengthen the financial position of the company to support business expansion and investment including the reserve as working capital of the company.
• On April 9, 2018, the Company established ACC C to operate factoring business (Factoring with Recourse) to invest in the lending business by transferring and accepting the transfer of claims. A registered capital of 200,000,000 baht was divided into 20,00,000 ordinary shares with a par value of 10 baht per share, paid-up capital of 100,000,000 baht, paid 5.00 baht per share, in which the Company holds 50.00% of shares.
• On April 9, 2018, the Company redeemed the debentures in the amount of 600 million baht.
• On 2 - 4 April 2018, the Company offered secured debentures No. 1/2018 in the amount of 300,000 units at a par value of 1,000 baht per unit with total amount of 300 million baht and maturity of debentures of 2 years and 6 months in which the maturity date is October 5, 2020 in order to distribute to investors according to the announcement of the Capital Market Supervisory Board. The objective is to use the proceeds from the issuance of such debentures to repay the existing debt. Interest rate is 5.8% per year, payable every 3 months. CEI (Chiang Mai) Co., Ltd. has mortgaged land and buildings and ACC Green Energy Co., Ltd. has mortgaged vacant land as collateral for the Company's debentures.
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
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