Sansiri Public Company Limited (SET: SIRI) has announced that it has entered into a disposal of the ordinary shares in Tharudee Co., Ltd. to Private Funds managed by XSpring Asset Management Company Limited (Private Funds) on 5 April 2023, totaling 150,000 ordinary shares with the par value of 100 baht each or equivalent to 30% of paid-up capital of Tharudee Co., Ltd., a subsidiary of the company that engages in property development business at the total purchase price of 15,000,000 Baht.
The purpose of this transaction is to set Tharudee Co., Ltd. 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. 4/2023 held on 21 March 2023.
