Sansiri Disposes 30% Stake of Property Development Business to ‘XSpring Asset Management’

Sansiri Public Company Limited (SET: SIRI) has announced that the company has entered into a disposal of the ordinary shares in Big Touch 2 Co., Ltd. (Big Touch 2), a property development for sale business,  to Private Funds managed by XSpring Asset Management Company Limited (Private Funds) on 22 March 2023, totaling 150,000 ordinary shares with the par value of 100 baht each or equivalent to 30% of paid-up capital of Big Touch 2, a subsidiary of the Company that engaging in land owning and property development business at the total purchase price of 15,000,000 Baht.


The purpose of this transaction is to set Big Touch 2 to be a 70 : 30 joint venture company between the Company and Private Funds for the development of residential projects for sale under the resolution of the Board of Directors Meeting No. 3/2023 held on 27 February 2023. The Board of Directors has delegated the power to the Chief Executive Officer and the President to consider and make a final decision on such matters.