Transactions by M PICTURES ENTERTAINMENT PCL (MPIC) in the last 6 months

M Pictures Entertainment Public Company Limited (SET:MPIC) agreed to acquire Major Kantana Broadcasting Company Limited from Major Cineplex Group Public Company Limited (SET:MAJOR), Kantana Group Public Company Limited and five others for THB 52.2 million in stock on May 10, 2013. The other shareholders include Surang Prempree, Sayamrat Laohasukkasem, Vicha Poolvaraluck, Jaruek Kallayacharuek and Surachet Assawaruanganant. M Pictures Entertainment agreed to acquire 4 ... million shares and in consideration will issue stock with swap ratio of 5.3 newly issued shares of M Pictures for each share of Major Kantana. In a related transaction, M Pictures Entertainment Public Company Limited (SET:MPIC) agreed to acquire 80% stake in Talent 1 Company Limited from Major Cineplex Group Public Company Limited (SET:MAJOR) for THB 17.3 million in stock on May 10, 2013. Major Kantana reported total assets of THB 77.76 million, total liabilities of THB 24.19 million, net assets of THB 53.57 million, retained earnings of THB 13.57 million and net profit of THB 24.12 million for the year ended December 31, 2012. The transaction is subject to approval of shareholders of M Pictures Entertainment, execution of the relevant share purchase agreement including any other related documents. The Board of Directors of Major Cineplex Group approved the transaction. The Board of Directors of M Pictures Entertainment approved the transaction. The Board of Directors of Major Cineplex Group Public passed a resolution for the transaction on May 10, 2013. The meeting of the shareholders of M Pictures will be held on July 18, 2013. The transaction is expected add value to the operations of M Pictures and is expected enhance competitiveness and profitability. Asset Pro Management Company Limited acted as financial advisor for M Pictures Entertainment Public Company Limited.
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M Pictures Entertainment Public Company Limited (SET:MPIC) agreed to acquire 80% stake in Talent 1 Company Limited from Major Cineplex Group Public Company Limited (SET:MAJOR) for THB 17.3 million in stock on May 10, 2013. M Pictures Entertainment agreed to acquire 0.32 million shares and in consideration will issue stock with swap ratio of 22 newly issued shares of M Pictures for each share of Talent 1 Company. In a related transaction, M Pictures Entertainment Public ... Company Limited (SET:MPIC) agreed to acquire Major Kantana Broadcasting Company Limited from Major Cineplex Group Public Company Limited (SET:MAJOR), Kantana Group Public Company Limited and five others for THB 52.2 million in stock on May 10, 2013. Talent 1 Company reported total assets of THB 38.13 million, total liabilities of THB 11.45 million, net assets of THB 26.68 million, retained loss of THB 13.32 million and net loss of THB 6.34 million for the year ended December 31, 2012. The transaction is subject to approval of shareholders of M Pictures Entertainment, execution of the relevant share purchase agreement including any other related documents. The Board of Directors of M Pictures Entertainment and Major Cineplex Group approved the transaction. The meeting of the shareholders of M Pictures will be held on July 18, 2013. The transactions is expected add value to the operations of M Pictures and is expected enhance competitiveness and profitability. Asset Pro Management Company Limited acted as financial advisor for M Pictures Entertainment Public Company Limited.
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