TFEX

28 Aug 2025 12:31

The subsidiary invested in M Vision Public Company Limited through the subscription of newly issued shares and Triggering a Tender Offer requirement (Edit)

Product COM7 Source COM7
Full Detailed News
Tender Offer Subject : Tender offer Listed company subject to tender offer : M VISION PUBLIC COMPANY LIMITED (MVP) Offeror : Com7 Holding Company Limited Offer price Common shares (baht per share) : 0.30 Tender offer : Not for delisting Tender Offer Agent : There has not yet been an appointment of a tender offer agent. Remark : Following the resolution of the Board of Directors approving in principle, for the subsidiary to subscribe for the newly issued shares of MVP, COM7H will enter into a share subscription agreement, and the subscription of the newly issued shares will take place upon fulfillment of the following conditions: (1) The shareholders' meeting of MVP resolves to approve the matters relating to the capital increase and the issuance and offering of the newly issued ordinary share to the private placement, (2) COM7H is satisfied with the results of the legal, tax, and accounting due diligence on MVP, and no issues have been identified that may have a material adverse effect on MVP, and it is expected to be completed prior to the date of the MVP's shareholders' meeting to consider and approve the relevant agenda items, (3) there is no change in any law, rule, regulation, order, or decision issued by any government agency, court, arbitrator, or competent authority that would affect or may affect the subscription of newly issued shares in MVP, or that would have a material adverse effect on MVP's business operations., and (4) All conditions in the share subscription agreement have been completed or waived by the relevant contracting parties. However, an existing shareholder of MVP, Mr. Sura Khanittaweekul, who holds 23,608,100 shares in MVP, has expressed his intention not to sell his shares in the MTO Transaction, and another investor participating in the issuance and offering of newly issued ordinary shares of MVP has informed MVP that it does not wish to sell the shares it received under the PP Subscription in the MTO Transaction. Therefore, the number of shares that COM7H may additionally acquire through this MTO Transaction shall not exceed 313,651,183 shares, representing 27.58% of the total issued shares of MVP after the capital increase. When combining the shares that COM7H will receive from the PP Subscription and the MTO Transaction, COM7H may hold a maximum of 893,651,183 shares in MVP, representing 78.58% of the total issued shares of MVP after the capital increase. The Company expects that COM7H will commence the MTO transaction within the first quarter of 2026. The tender offer price must not be lower than the highest price at which the offeror and concert party with the offeror, and any person under Section 258 of such persons, have acquired the MVP's shares during the 90 day period prior to the submission date of the tender offer to the SEC. (the tender offer price in the MTO Transaction must not be lower than the subscription price of the shares in this PP transaction). ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement. If you would like to see the full details of this information, please click view "full details" in attached file.