VGI Global Media Company Limited (VGI) has announced to enter into a joint venture agreement (JVA) with Saha Lawson Company Limited (SL) and Saha Pathana Inter-Holding Public Company Limited (SPI). VGI would like to inform that VGI, SL, and SPI had Jointly completed the registration of incorporation of a joint venture company with the Department of Business Development, the Ministry of Commerce in accordance with the terms and conditions of the JAV.
The three companies had joint venture under the name SLV Retail Company Limited (JVCo) with the total amount of THB 20 million which come from the working capital of VGI, divided into 200,000 ordinary shares with a par value of THB 100 per share. VGI, SL, and SPI hold 30%, 60%, and 10% respectively of the total issued shares of the JVCo. The joint venture company will carry out the business of convenience stores under Lawson brand in mass transport-related areas in Thailand.
VGI expects that the investment in the JVCo will diversify VGI’s business and support VGI’s core business which will help boost up VGI’s revenue.