Mr. Phoon Chiong Kit, CEO cited that the Company is confident that this direction to manage as focused will strengthen MACO sustainably. Whereas media assets in the country under management of PLANB Media Public Co., Ltd. (PLANB) will well secure our business in the country including the purchasing of shares in HELLO Bangkok LED Co., Ltd. and issuing shares to PLANB shows the confidence in the capacity of PLANB which enable to create benefits from outdoor media assets as a whole. Yet, the presentation of media and creation of contents of advertisement are more valuable. While the above transactions will push MACO forward to be the owner of the most outdoor media in Thailand through the professional management like PLANB. MACO will focus on the expansion of business and marketing abroad especially in ASEAN region at the full strength.”
The shareholders of MACO have a resolution to investment in HELLO Bangkok LED
15 January 2020Mr. Mana Jantanayingyong, Chairman of the board (in the middle) together with Mr. Phoon Chiong Kit, Chief Executive Officer (No. 4th from the left) and the Board of Directors of Master AD Public Company Limited or MACO held an Extra Shareholders Meeting No. 1/2020 whereas the Shareholders Meeting have the resolution to invest 50.0% in HELLO Bangkok LED Co., Ltd. or HELLO Bangkok LED with the amount of M 1,950 Baht and approved to offer selling common shares increasing the capital of the Company (Private Placement) at 1,080 million shares at the par value of 1.44 Baht per share, total value M 1,553 Baht to PLANB Media Public Co., Ltd. or PLANB as well as approved to enter into the Management Contract to manage the Company’s Advertising Media and/or affiliated companies of the Company and PLANB.


