VGI Global Media Public Company Limited (VGI) has informed that the company is studying the potential join investment with Saha Lawson Company Limited (SL) and Saha Pathana Inter-Holding Public Company Limited (SPI) to incorporate a joint venture company (the JVo) for carrying out the business of convenience stores in mass transit areas in Thailand.
As a result of the investment, the capital structure of the JVCo is expected to registered capital with 20 million. In term of the shareholding structure VGI, SL and SPI will hold 30%, 60%, and 10% respectively in the joint venture company.
However, VGI stated it is worth noting that there is no assurance that the said joint investment transaction will take place as it is subject to the approval of the Executive Committee of VGI.
VGI will further notify should there be any progress on the transaction.