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.

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