BCPG Public Company Limited (BCPG) announced that the Board of Directors in the Meeting on April 20, 2021 had a resolution to approve the restructuring of foreign investment management and approved to proceed as follows
1. Approved an establishment of an indirect subsidiary, Indochina Development and Operation Holdings Limited, in the Republic of Singapore. The registered capital is not exceeding 200,000 Singapore dollars. BCPG Indochina Company Limited (a subsidiary of BCPG) is a 100% shareholder in the newly established indirect subsidiary as mentioned above. The objective is to operate as an investment holding company and the source of fund is the company’s working capital.
2. Approved to transfer all shares of Apollo G.K., an indirect subsidiary in Japan, with the total registered capital of 1 yen, to the original developer according to the project development agreement. This transaction is a disposal of indirect investment in a subsidiary. As a result, the said company ceased to be an indirect subsidiary of BCPG.