Jay Mart Public Company Limited or JMART stated that the Board of Directors Meeting No. 8/2565 dated August 19, 65 had a resolution to approve the investment in Buriram Sugar Public Company Limited or BRR by investing 51,150,000 shares in proportion to 6.30% of the total number of shares with voting rights It is the purchase of shares from the Big lot board of the Stock Exchange of Thailand from the existing shareholders of BRR, which is not considered a person connected to the company.
BRR is an investment company in other companies (Holding Company) by investing in subsidiaries that hold 99.99%, which operates 6 companies, with the main business being the production and distribution of sugar. and related industries: 1) Sugar production and distribution business with Buriram Sugar Factory Co., Ltd. as the core company 2) Production and distribution of electricity from biomass energy by Buriram Energy Company Limited, Buriram Power Company Limited and Buriram Power Company Plus Co., Ltd. 3) Business of production and distribution of organic fertilizers by Key Brand Fertilizer Co., Ltd. 4) Business of production of packaging, appliances and equipment from bagasse and other natural plant pulps by Sugarcane Ecoware Co., Ltd. and 5 ) Logistics management and transportation services by BRR Logistics Management Company Limited
In this regard, the Board of Directors has considered the business benefits that will be obtained from the joint business operation in the development of the ecosystem together in the retail field. and joint finance in the future and has considered the direction of the BRR’s performance in various areas that expand its business to the renewable energy group. and environmental protection products including opportunities for the benefits of carbon credits
Incidentally, today (August 22, 65) there is a report of Biglot trading, BRR shares, volume 1 item, 51,150,000 shares, average price 4.85 baht / share, total value 248.08 million baht.