Company reports
DRAGON ONE said its share purchase of Avision from Rungthip Tinthaingam through its Application Hosting Service subsidiary could not be considered a connected transaction, because Rungthip was not a major shareholder in the subsidiary, nor was he part of the management.
KUANG PEI SAN FOOD PRODUCTS received bank approval for its corporate restructuring plan and expects to sign a contract next month. It has also assigned its financial and legal advisers to set up a plan for resolving connected issues between the company and Kuang Holding.
TANAYONG has sold 2.27 billion capital-increase shares in Crossventure Holding, of which 933 million were transferred to foreign investors. The company said another 360 million shares had been transferred to two additional foreign investors: half each to Raul Investments and Quality Deal Investments.
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