JAS-JASIF rose at 10.19 am with JAS plus 3.01%, or increased 0.08 baht to 2.74 baht, trading value 125.82 million baht from the opening price of 2.70 baht, the highest price 2.78 baht, the lowest price 2.68 baht.
JASIF plus 0.59% or an increase of 0.05 baht to 8.50 baht, trading value 52.09 million baht.
The Extraordinary General Meeting of Shareholders of Jasmine International Public Company Limited (JAS) No. 1/2022 held on 23 Sept. 20, which was a meeting via electronic media (E-EGM), resolved to approve the sale of Investments in subsidiaries and related parties and delegation of authority with a vote of not less than three-fourths of the total votes of the shareholders attending the meeting and having the right to vote Not counting the equity of the shareholders who have interests The details of voting are as follows:
The number of shares of the shareholders attending the meeting and having the right to vote in this agenda is equal to 5,297,976,587 shares, none had no right to vote in this agenda, the meeting resolutions were as follows:
Agreed, 5,149,909,316 votes, equivalent to 97.2052 percent.
Disagree 148,015,271 votes or 2.7938 percent
Abstained 52,000 votes or 0.0009 percent
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Nomura Securities Pattanasin stated in the analysis that The resolution of the JAS shareholders’ meeting to approve the sale of investments in TTTBB and JASIF to AWN (subsidiary company ADVANC) will ease concerns over the success of this transaction. And JAS shareholders have the opportunity to receive special dividends following the completion of this transaction. The JAS share price on Friday did not respond to the approval.
There are still 2 more steps to follow: 1. The results of the JASIF unitholders’ meeting on 18 Oct. 65 and 2. The share and unit trust transaction between JAS and AWN has been approved by the NBTC. . This is expected to be completed in 1Q23. In the event that this transaction is completed, JAS is expected to record a special profit before tax of approximately 10,321 million baht through the consolidated financial statements for the 1Q16 period and the preliminary assessment is expected to pay a special dividend per share. 0.96 baht (yield 36%)
For future business following selling broadband business Initially, the management stated that it will operate 4 business groups, namely 1. Content business 2. Office space rental business 3. Lease line business and 4. Bitcoin mining business, Blockchain, AI.