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Amata Unit to Exit 93.4% Stake in Amata Township Long Thanh for VND492.2 Billion

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Amata (BKK:AMATA) unit Amata VN agreed to sell its entire direct and indirect 93.4% stake in Amata Township Long Thanh to Long Thanh Riverside Investment for 492.2 billion Vietnamese dong.

The disposal is intended to reduce administrative costs and improve the efficiency of the group's investment management, according to a Thursday Thailand Exchange filing.

Following the sale, Amata Township Long Thanh is no longer a subsidiary of Amata VN and Amata.

The company added the disposal is not expected to have any significant impact on its operations or consolidated financial position.

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