Master Ad Pcl. operate extraordinary general meeting 1/2018. Board EGM 1/2018 approved investment in VGI Global Media (Malaysia) Sdn. Bhd. (VGM) 75% value THB 360 mn.
VGM currently is shareholder of Titanium Compass (TCSB) who has exclusive right for manage advertising space across SBK line in Malaysia for 10 years and shareholder of Meru Utama Sdn. Bhd. who has exclusive right to manage advertising space in terminal 1,2 of Kuala Lumpur International airport and Senai International airport in Malaysia that have passengers over 61 million people per year. While VGM also is shareholder of out of home media in various type i.e. billboard, office building, In store media and cinema.
By these cuase, The meeting result is approved investment in VGI Global Media (Malaysia) Sdn. Bhd. (VGM) 75% from VGI who is biggest shareholder of VGM 100%. After MACO proceeded, VGI will hold VGM 25%. MACO will represent the VGI Group, expanding strongly its overseas media.VGI Malaysia (VGM) has a Malaysia network as a major player in airport media, Possession of media rights in Malaysia and there are other media outlets under the supervision of several points. This acquisition will complement the MACO's advertising network in Malaysia.
The Meeting also approved the issuance and offering of 343,891,036 newly issued ordinary shares of the Company at par value of Baht 0.10 per share to Private Placement. To approve the issuance and allocation of warrants to purchase ordinary shares of Master Ad Public Company Limited No. 2 (MACO-W2) no more than 1,375,564,146 units. To the existing shareholders of the Company.
