Staff Reporter
,
Singapore
Kamala Beach Resort & Hotel Management is no longer a subsidiary of Bangkok Mass Transit System.
Bangkok Mass Transit System Public Company Limited, a 96.44% direct subsidiary of BTS Group Holdings Public Company Limited, disposed of its entire investment in Kamala Beach Resort & Hotel Management Co., Ltd.
Kamala Co. used to be a 100% direct subsidiary of BTSC.
BTSC completed the disposal of the investment to a Thai company which is not a connected person.
The book value of the investment in Kamala Co. is Baht 1,241.13 million, and BTSC received Baht 1,643.04 million total consideration from this disposal.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!