TYONG buys sky train & changes company name in Thai bourse to BTS

Tanayong PCL (TYONG) will list its 28.17 billion new shares (worth THB19.38 billion) issued for a share swap with Bangkok Mass Transit System (BTSC), change its name to BTS Group Holdings PCL (BTS), and move its listing to the Thai bourse’s Transportation & Logistics sector on May 11. Thus, BTSC will become listed through TYONG, in a reverse takeover. When this process has been completed, BTS’s market capitalization will increase to THB 44.80 billion, while the bourse’s and the Services Industry Group’s market capitalizations will increase by 0.65% and 7.8% respectively. TYONG, already listed on The Stock Exchange of Thailand (SET), bought 15.02 billion shares (worth THB 40.03 billion) of Bangkok Mass Transit System (BTSC), or 94.60% of total BTSC shares. TYONG paid the existing BTSC shareholders partly by issuing 28.17 billion new shares in a share swap, and partly by cash, SET Chief Marketing Officer, Vichate Tantiwanich revealed. Currently, TYONG (or BTS after May 11) has THB 35.78 billion in paid-up capital, consisting of 7.61 billion in existing common shares and 28.17 billion BTSC shares for the swap. BTS will issue a rights offering 20.45 billion shares or less, at the ratio of 7 existing for 4 new shares, at THB0.63 per share, issue 5.11 billion warrants, and public offering to swap 3.80 billion shares or less for remaining BTSC minor shareholders. When all processes are complete, BTS will have THB 65.14 billion in paid-up capital and a THB 44.80 billion market capitalization, calculated using the share swap rate. Phatra Securities PCL was the financial advisor handling the case. TYONG is major shareholder of BTSC, which operate the BTS sky train and related businesses, such as advertising, electronic cash cards, and property development along sky train routes. After TYONG’s purchase of BTSC, the operation of each business unit will be more focused, while property development projects boosting the growth of BTS group will be created. For more information, visit www.tanayong.co.th or www.set.or.th For more information, please contact S-E-T Call Center 0 2229 2222 Press office, please contact Public Relations Unit, the Corporate Communications Dept.: LadawanKantawong Tel: 0-2229-2036 / Kanokwan Khemmala Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792

• ข่าวBTS Group Holdings PCL
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