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News

Test News Article

by Andy Moss, posted on

About G Land

Grand Canal Land Public Company Limited (the "Company" or "G-Land") was formerly known as Media of Medias Public Company Limited with an establishment on April 22nd 1985, started with an initial registered capital of 200,000 Baht. On February 8th 1996 the Company was listed in the Stock Exchange Market. Media of Medias' business engages in the television programs production, the selling of advertising time, and producing television programs on cable channels. And later in 2009, the Company focused mainly on the production of News programs.

In the Extraordinary General Meeting of Shareholders No. 1/2009 on December 17th 2009, there is a resolution to transfer all assets in the real estate development business (Entire Business Transfer: EBT) from Grand Canal Land Company Limited, a subsidiary of Charernkit, and the asset acquisition of the Ratanarak Group. By performing the above mentioned transaction, it is indirectly bringing the business into the Stock Exchange Market (Backdoor listing). This is an important and significant step for the Company, by moving from the television business to the real estate business development with the management team and major shareholders from the Charernkit group.

The Company has submitted to request for new securities to be listed on the Stock Exchange of Thailand with further request to move/change business categories from the Media and publications sector under the service industry, to the Property sector under the real estate and construction industry. On January 21, 2010 the Company received approval from the Company's common stock to be listed on the Stock Exchange of Thailand and also to the change the listing of business category. For clarification purposes and also intentions of major shareholders to have the real estate development sector as the Company's main business, the Company has changed the Company name to Grand Canal Land Public Company Limited effective May 6th, 2010 and use "GLAND" as the Company's symbol to be traded.