BTS subsidiary sells stake in Kamala
Kamala Beach Resort & Hotel Management is no longer a subsidiary of Bangkok Mass Transit System.
Bangkok Mass Transit System Public Company Limited, a 96.44% direct subsidiary of BTS Group Holdings Public Company Limited, disposed of its entire investment in Kamala Beach Resort & Hotel Management Co., Ltd.
Kamala Co. used to be a 100% direct subsidiary of BTSC.
BTSC completed the disposal of the investment to a Thai company which is not a connected person.
The book value of the investment in Kamala Co. is Baht 1,241.13 million, and BTSC received Baht 1,643.04 million total consideration from this disposal.