MACO Board approves THB 630 mn. to transform street furniture media into LED screens and light boxes, Acquire Gold Star Group (GSG) to enrich quality in all forms.

MACO company’s board of directors has approved an investment plan of Bt 630MN for business expansion, with a budget of Bt 240MN to invest in the Gold Star Group Limited (hereinafter referred to as “GSG”), a company which has a business comprised of printed publication design and production made to order, alongside all categories of advertisements made to order, and approved an investment plan of Bt 390MN to improve Street Furniture advertisement media on BTS electric train pillar stanchions. This investment will change the advertisements from still picture media to digital media in the form of 42 LED screens and 180 Light Box signs, set to complete installation in the 2nd quarter of 2019.

Ms. Tamonwan Narintavanich, Chief Financial Officer (CFO) and Company Secretary for Master Ad Public Company Limited, or MACO, has stated that the board of directors has resolved for Green Ad Company Limited (hereinafter referred to as “Green ad”), which is a limited company with a business comprised of printed publication design and advertisements made to order, to purchase 3 million shares of stock, valued at Bt 10 per share at a proportion of 60% of GSG’s total shares from the original 3 shareholders: (1) Proud To Do Company Limited, (2) Ms. Phenjan Tangjaruwattanachai, and (3) Mr. Phanwarit Matmuang at a selling price valued at a total of Bt 240MN. A resolution was passed to authorize Master and More Limited (hereinafter referred to as “Master And More”), one of the Company’s subsidiaries, to improve Street Furniture advertisements in the areas of BTS electric train pillar stanchions by changing the advertisment signs from still picture media to digital media in the form of 42 LED screens and advertisment media as 180 Light Box signs, with a total investment amount of Bt 390MN.

Mr. Phoon Chiong Kit (Mr. CK), MACO Chief Executive Officer said, “The investment to improve Street Furniture advertisement media on the BTS pillar stanchions in the form of LED digital media screens and Light Boxes has enriched the distinct picture of interest for advertisements, complete with the ability to adjust advertisements according to the desires of the customer. This helps the customer to better introduce media aligned with their target groups and has also improved the capacity of media production for MACO. In the time that has passed, the Company plans to expand its operations to prepare for industrial growth by investing in Trans Ad Solution Company Limited, which is a provider of multimedia services, and Roctec Technology Company Limited (“Roctec”), a service provider for systems design and installation (system integrations), especially in the areas of control, connections, and multimedia display systems to support changes in technology and enrich MACO’s operations in media preparation. This aligns with the strategy of changing still signs into digital signs internationally, and with the purchase of shares inGold Star Group Company Limited (“GSG”)— specialists in the business of design and producers of printed media and all types of advertisements. It is another advancement which will support expansion plans, and this investment will raise production standards to the highest degree. Product and service quality are held as an important mission which the company has always given careful thought to and held fast in its operations”.