DMT sets up subsidiary Southern Gate Motorway to pursue design, construction and O&M

Corporate Action
โดย Kaohoon·Read original
Summary · why it matters

Don Muang Tollway Public Company Limited, or DMT, has approved the establishment of a new subsidiary named Southern Gate Motorway Company Limited to engage in the design, construction, and operation and maintenance of transport infrastructure. Registration is expected to be completed by August 2026. The new company has a registered capital of 5 million baht, divided into 500,000 ordinary shares with a par value of 10 baht each. DMT holds a 70 percent stake, with other shareholders holding the remaining 30 percent. Funding will come from the company's working capital. The subsidiary's board of directors will consist of six members, four from DMT and two from other shareholders. The investment aims to expand business channels and increase revenue sources. It does not qualify as a connected transaction and is not a significant transaction under the criteria of the Capital Market Supervisory Board.

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Southern Gate MotorwayPrivate▲ Positive
Capitalrelevance

Southern Gate Motorway is newly established to engage in infrastructure design, construction, and O&M, with DMT holding 70%.

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