SANSIRI Developer unloads stake in Winkontent AG
Property developer Sansiri Plc recently made a disposition to sell its 5.83 per cent stake in Winkontent AG to BTS Sansiri Holding Three Ltd, a joint venture firm between Sansiri Plc and U City Plc, according to the company reported to the Stock Exchange of Thailand yesterday.
The transaction, worth Bt91.81 million, was completed on August 15, 2018.
After the deal, Sansiri Plc still hold a 7.29 per cent stake in Winkontent AG from 13.13 per cent, as the balance of 5.83 per cent is held by BTS Sansiri Holding Three Ltd. Winkontent AG is the owner of “Monocle” magazine. Monocle’s businesses include 24-hour, e-commerce, fashion retail and events. It operates in England , US , Canada, Japan, Singapore and Hong Kong.
RELATED