The Board of Directors of Pruksa Real Estate Public Company Limited passed the resolution to propose the restructuring plan and establishing a holding company under the name Pruksa Holding Public Company Limited (the “Holding Company”).In this regard, the holding company’s common stocks will be registered in the Stock Exchange of Thailand and the Company’s stocks will be delisted. It has been anticipated that the restructuring will be completed within November 2016.
Objectives of Establishing a Holding Company
- To increase flexibility to expand the business and facilitate strategic partnership with partners who have expertise in each particular area.
The holding company structure will make it easier for the Company to form joint ventures or strategic alliances with partners who have expertise in each particular business In the future, as illustrated in the 3 diagram below. The increased opportunity to expand into new businesses will lead to greater competitiveness and higher return to shareholders.
- To limit and manage business risks.
- To increase effectiveness and flexibility of the Company’s management structure to better suit business operations in the future.