Millennium Group Corporation (Asia) Public Company Limited (SET: MGC) has informed the Stock Exchange of Thailand that, at the Board of Directors’ Meeting No. 4/2025, which included all independent directors present, it was unanimously resolved to approve the investment framework for the acquisition of ordinary shares in Neo Mobility Asia Co., Ltd. from Arun Plus Holdings Co., Ltd., an existing shareholder. The acquisition was executed through MGC-Asia Greentech Co., Ltd., a 99.99% owned subsidiary of the Company.
The total investment value amounted to THB 83,000,055.33 by acquiring 1,500,001 ordinary shares at the purchase price of THB 55.33 per share. The share purchase transaction was completed on August 4, 2025.
Following the acquisition, MGC-Asia Greentech Co., Ltd. will hold 99.99% of the total issued and paid-up shares in Neo Mobility Asia Co., Ltd., thereby resulting in Neo Mobility Asia Co., Ltd. becoming an indirect subsidiary of the Company.
Neo Mobility Asia Co., Ltd., is a business concerning the sale of new vehicles, including passenger cars, pick-up trucks, vans, and similar light vehicles, along with an after-sales service center. It has a total registered capital of THB 300,000,000 divided into 300,000 ordinary shares with a par value of THB 100 per share.
PTT Public Company Limited (SET: PTT), which Arun Plus Holdings is a subsidiary of, originally held 50.001% of Neo Mobility Asia’s shares. The company divest all of its shares to focus on enhancing competitiveness in existing business while also revisiting Non-Hydrocarbon business strategy to reinforce internal capabilities and strengthen its long-term competitive position.
