NBC gets green light for Bt170m share concern to extend media company

Country Broadcasting Company (NBC) has attained shareholders’ approval for a new issue of 321.26 million ordinary shares to improve its registered capital by Bt170.27 million to fund its enterprise expansion.


The acceptance was specified through the once-a-year shareholders’ assembly on Thursday.

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The freshly issued shares will be available to present shareholders at a value of Bt0.53 and a ratio of two for every just about every 5 existing shares held.

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The providing time period is December 1-4, 8-9, and 14-15.

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Proceeds from the concern will be used to help financial investment in expansion of the media organization, including the prepared acquisition of Greennet 1282 (GNET). NBC will invest in 189,997 GNET shares worthy of Bt164.40 million at Bt865.30 per share from Information Network Corporation (Information) and be liable for shelling out GNET’s outstanding financial debt of Bt85.59 million.

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At this time, GNET earns income from 3 companies – on the web media, call centre, and program providers.

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NBC chairman Shine Bunnag reported the acquisition of GNET will support boost the company’s media organization and lessen its dependence on advertising and marketing earnings.

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“We feel that this is the most effective choice as GNET’s connect with centre enterprise will assist improve the Joyful property-procuring service, when the New Media programme will aid with digital media enhancement and its written content can be utilized to news material,” he stated.

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He added that NBC also authorized the acquisition of Kom Chad Luek Media (KMM) from Nation Multimedia Group (NMG) in a deal worth Bt70 million.

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