Page 30 - ACC One Report 2567-En

Year 2019
• The resolution of the Board of Directors' Meeting No. 2/2019 held on February 25, 2019 resolved to approve the sale of all ordinary shares held by the Company in ACC Green Energy Co., Ltd. (“ACC Green”) in the amount of 1,000,000 shares with a par value of 10 baht per share and the liabilities that ACC Green has on the company to Mrs. Panna Chumbuathong at a total price of 185,000,000 baht is divided into
(a) Price of shares bought and sold is 38,300,000 baht. The company calculated from the selling price and the debt that ACC Green has on the company. ACC Green has liabilities with the Company, so the cost of land is not included in the share sale price.
(b) Liabilities that ACC Green has on the company is 146,700,000 baht (a loan that the company give ACC Green to buy land without interest)
Contract terms and payment under the contract to buy and sell ordinary shares divided into
• The amount of 10,000,000 baht on the date of the selling and buying contract as a deposit.
• The amount of 27,000,000 baht within 30 days from the date of the share purchase agreement assuming the deposit is part of the payment for the share price for the land under the contract.
• Pay the remaining price of the land in the amount of 148,000,000 baht on the date of ownership transfer of the purchased shares or within 120 days from the date of the share purchase agreement.
• The seller must redeem the land from being used as collateral for the debentures within 120 days from the date of the purchase and sale agreement.
• The buyer breaches the contract. The company sent a letter dated July 25, 2019 informing the seizure of a deposit of 37.00 million baht.
• The bondholders' meeting No. 1/2019 held on May 16, 2019 resolved to early redemption of the company's debentures in the amount of 100.00 million baht and the redemption of the debenture collateral is on July 5, 2019. The said property is vacant land with the Title deed no. 112684, land number 112, survey page 1482, located at Tambon Ratsada. Mueang Phuket District Phuket Province.
Year 2020
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On February 3, 2020, the company has moved its office to 944 Mitrtown Office Tower, Rama 4 Road, Wang Mai Subdistrict, Pathum Wan District, Bangkok 10330.
Resolution of the Board of Directors Meeting No. 1/2020 held on February 26, 2020 resolved to approve the investment in Premium Energy Corporation Company Limited at a par value of 10 baht per share, amounting to 360,000 shares, worth 36.00 million baht, representing 36.00 percent of the paid-up capital.
The resolution of the Board of Directors' Meeting No. 5/2020 held on May 29, 2020 resolved to stop operating C.E.I. (Chiang Mai) Co., Ltd and lay off all employees due to the outbreak of the Coronavirus 2019 (COVID-19).
The resolution of the Board of Directors' Meeting No. 8/2020 held on September 21, 2020 resolved to issue debentures through a private placement of no more than 10 persons and bills of exchange of more than 10 persons in the amount not exceeding 200 million baht with a period not exceeding 270 days at the rate of 6.40 percent interest by using land and buildings of establishments of C.E.I. (Chiang Mai) Co., Ltd. (subsidiary) as collateral to redeem the debentures due on October 5, 2020.
Resolution of the Board of Directors Meeting No. 10/2020 held on November 11, 2020 resolved to approve the auction of all the ceiling fan and LED lamps at a price of no less than 4.00 million baht.
The resolution of the Board of Directors Meeting No. 11/2020 held on December 17, 2020 resolved to approve the operation of an asset management company and the Board of Directors Meeting of ACC Capital Company Limited No. 6/2020 held on November 23, 2020 resolved to amend the Memorandum of Association, Articles of Association, Company Seal. The resolution of the Board of Directors Meeting No. 7/2020 held on December 24, 2020 resolved to change the name of ACC Capital Co., Ltd. to Asset Management Company ACC Capital Co., Ltd.
Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
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