“Palin” Unzips 11% of PLANB! Is VGI Going All Out? Source Says Internal Restructuring

Mr. Palin Lojanagosin, Chairman of Executive Committee of PLANB, has reportedly sold 11.37% of PLANB's shares on March 29, 2019. Sources asserted that the transaction was only an internal family restructuring.

Reporter has stated that on April 1, 2019, the Stock Exchange of Thailand has reported the buy/sell of Plan B Media Company Limited (PLANB)’s shares which indicated that Mr. Palin Lojanagosin, Chairman of Executive Committee of PLANB had sold 11.37% of PLANB’s shares on March 29, 2019.

In the meantime, SET has also reported that Mr. Pinijsorn Luechaikajohnpan, Managing Director of PLANB, had sold a total of 5.09% of PLANB’s shares on March 27, 2019.

 

Last week, VGI announced that the company planned to subscribe PLANB’s newly issued ordinary shares from the existing shareholders, which are 1) Plan B Investment Holding Limited 2) Outdoor Media Investment Limited 3) PT Elang Mahkota Teknologi TBK and 4) Dr. Pinijsorn Luechaikajohnpan in amount of 368,843,969 shares, totaling 721,804,705 ordinary shares in PLANB, which is equivalent to 18.59% of all issued shares at the price of ฿6.40/share, equaling an aggregate of THB 4,619,550,112.

However, the report did not state that the shares Mr. Palin had sold was in any way connect to the announcement of share purchasing from VGI. Moreover, the source closes to the matter has asserted that the transaction Mr. Palin made was only an internal family restructuring. If there is any update regarding this matter, Kaohoon Online will report it accordingly.

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