FORTH Aims to Increase the Stake in FSMART to 54.61% with an Investment Not Over ฿210m

FORTH Aims to Increase the Stake in FSMART to 54.61% with an Investment Not Over ฿210m.

Forth Corporation Public Company Limited (FORTH) has announced that its Board of Directors’ have approved the purchase of ordinary shares of Forth Smart Service Public Company Limited (FSMART) by specifying the maximum amount that can be used to purchase the shares not over Baht 210,000,000, the number of shares to be purchased not over 30,000,000 shares, equivalent to 3.75% of the paid-up capital of FSMART by means of purchasing shares through the Stock Exchange of Thailand. This will increase the percentage of shareholding of FORTH from 49.50% to 54.61%.

 

Moreover, the Board of Directors also approved to establish Forth Royal Joint Venture Company Limited, which sells arms, aircraft, warships, including spare parts Radar and signaling devices of said items to government agencies, juristic persons and individuals. The initial registered capital is Baht 2,000,000 (200,000 ordinary shares with a par value of Baht 10 each).

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