Energy Earth’s board of directors has approved the acquisition of shares in Hary Niaga, a coal-mining business in Indonesia, for a share swap worth Bt3.69 billion.
Hary holds the concession to mine 4,940 hectares in Kalimantan.
Energy Earth will issue no more than 454.5 million shares for Hary shareholders. At Bt1 par, the shares will be offered at Bt8.13 per share.
The transaction will be struck after the shareholders approve the deal at a meeting scheduled for some time next year.
Officemate moves from MAI
Officemate’s share trading will be moved from the Market for Alternative Investment to the main board tomorrow as a member of the Commerce Sector.
Listed on MAI on July 28, 2010, Officemate grew its business through the acquisition of Pranporn Co from the Chirathivat group, in a back-door listing deal. Pranporn completely holds the shares of Office Club (Thai) Co and B2S Co.
Pepsi launches Bt300m campaign
Pepsi-Cola (Thai) Trading has launched its latest marketing campaign, “Now, It’s Only a Pepsi Moment”, featuring a wide range of marketing activities and a budget of Bt300 million.
A number of marketing activities have also been implemented under the “Paint the Town Blue” concept to enhance the brand visibility of Pepsi products.
Jagrut Kotecha, general manager for beverages, said that aside from investing in the production, logistics and distribution, and marketing campaigns, the company kept a balance on marketing activities. This year, it marched down 100 routes around Bangkok such as Victory Monument, Asoke, and Ekamai to decorate the areas with Pepsi umbrellas, awnings, signage, banners and table covers.
The company also implemented a “Model Store” programme by decorating 6,000 local eateries while arranging mega-displays in retailers nationwide to welcome the upcoming New Year celebration.
“Every single voice of our Pepsi fans has been heard, and we are very excited and honoured to see that Thai people love and adore our iconic brand because of its taste and quality. Thus our team is working very hard to ensure that Pepsi is available and will continue to be,” Jagrut said.
“As a global leader in the industry, we are highly committed to bring in new innovation, business strategy and products to expand the growth of the Thai market and to serve Thais for many decades to come.”
M Link to buy 11 Nokia shops
M Link Asia Corp said yesterday that it plans to sign a Bt25-million contract this month to acquire property from International Engineering Plc used for 11 branches of Nokia Shop.
MLINK will sell products in the 11 Nokia Shops starting on January 1. The transaction is aimed at increasing MLINK’s distribution channels in the retail business via Nokia Shop.
The stores are located in 11 shopping centres – Siam Paragon, Terminal 21, MBK, The Mall Ngam Wong Wan, The Mall Bangkapi, The Mall Bang Khae, The Mall Tha Phra, The Mall Korat, Seacon Srinakarin, Seacon Bang Khae and Future Park Rangsit. – The Nation
Samtel wins Bt418m DTRS project
Samart Telcoms last Friday clinched a construction contract form CAT Telecom for a Digital Trunked Radio System project with total value of Bt417.96 million, excluding VAT.
The term of the turnkey project is 240 days and payment is divided into four instalments depending on work progress. – The Nation
Ananda takes rest of ADO housing portfolio
Ananda Development Plc has completed the acquisition of the remaining 48.3 per cent of its existing landed housing portfolio ADO from its joint venture partner TMW Ananda, a property fund managed by Pramerica Real Estate Investors.
CEO Chanond Ruangkritya said yesterday that the acquisition of the ADO housing portfolio was completed on the same terms and conditions as disclosed in the company’s prospectus with an estimate acquisition price of Bt1 billion, payable in four Bt250-million instalments, with the last payment due June 30, 2014.
This represents a price at net present value of Bt930 million. The agreed price represents a 40-per-cent discount to the residual asset value as appraised by an independent assessor of Bt1.41 billion, and a major discount to the book value of Bt2.6 billion.
The ADO projects will be re-launched in the first quarter of next year with transfers of individual houses commencing in the third quarter. The total expected sales of the seven projects in the portfolio total over Bt7.3 billion with expected sales of Bt3.3 billion and transfers of Bt2.5 billion next year.
