[World Gym-KY] Announcement Regarding Investment in Thai Subsidiary 'World Gym (Thailand) Co., Ltd'
The Board of Directors of World Gym-KY has resolved to establish a wholly-owned subsidiary in Thailand and invest in it incrementally. This move is intended to expand business operations in the Thai market and increase revenue.
📋 Article Processing Timeline
- 📰 Published: June 3, 2026 at 09:00
- 🔍 Collected: June 4, 2026 at 12:00 (27h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 06:19 (66h 19m after Collected)
1. Name and Nature of the Target:
Equity in Thai subsidiary World Gym (Thailand) Co., Ltd
2. Date of Occurrence: April 10, 2026 - June 3, 2026
3. Date of Board Resolution: June 3, 2026
4. Other Resolution Dates: Not applicable
5. Transaction Quantity, Price per Unit, and Total Amount:
Par value of 100 THB per share, authorized capital of 300,000,000 THB, total of 3,000,000 shares
6. Counterparty and Relationship:
Subsidiary of the company
7. Reasons if Counterparty is a Related Party:
Not applicable
8. Ownership History in Last 5 Years:
Not applicable
9. Matters Regarding Disposal of Credits:
Not applicable
10. Gains or Losses on Disposal:
Not applicable
11. Payment Terms, Contractual Limitations, and Other Important Provisions:
Authorized capital of 300,000,000 THB, to be funded incrementally.
12. Basis for Transaction Decision:
Board of Directors, based on par value
13. Net Asset Value per Share of Target:
Not applicable
14. Cumulative Holdings:
3,000,000 shares, 100% ownership
15. Status of Investment as per Article 3 of Regulations:
Proportion of assets: 3.33%, Proportion of parent company equity: 22.94%, Working capital: -4,407,421 thousand THB
Strategy for market expansion in Thailand, expected to increase revenue.
16. Broker and Fees:
None
17. Purpose of Acquisition:
Investment in subsidiary
18. Dissenting Opinion from Directors:
None
19. Related Party Transaction:
Yes
20. Date of Audit Committee Approval:
June 3, 2026
21-24. Accountant Details:
Not applicable
25. Change in Business Model:
No
26-27. Business Model Change Details:
Not applicable
28. Source of Funds:
Self-owned funds
29. Date of Previous Disclosure of Major Information:
Not applicable
30. Other Matters:
None
Equity in Thai subsidiary World Gym (Thailand) Co., Ltd
2. Date of Occurrence: April 10, 2026 - June 3, 2026
3. Date of Board Resolution: June 3, 2026
4. Other Resolution Dates: Not applicable
5. Transaction Quantity, Price per Unit, and Total Amount:
Par value of 100 THB per share, authorized capital of 300,000,000 THB, total of 3,000,000 shares
6. Counterparty and Relationship:
Subsidiary of the company
7. Reasons if Counterparty is a Related Party:
Not applicable
8. Ownership History in Last 5 Years:
Not applicable
9. Matters Regarding Disposal of Credits:
Not applicable
10. Gains or Losses on Disposal:
Not applicable
11. Payment Terms, Contractual Limitations, and Other Important Provisions:
Authorized capital of 300,000,000 THB, to be funded incrementally.
12. Basis for Transaction Decision:
Board of Directors, based on par value
13. Net Asset Value per Share of Target:
Not applicable
14. Cumulative Holdings:
3,000,000 shares, 100% ownership
15. Status of Investment as per Article 3 of Regulations:
Proportion of assets: 3.33%, Proportion of parent company equity: 22.94%, Working capital: -4,407,421 thousand THB
Strategy for market expansion in Thailand, expected to increase revenue.
16. Broker and Fees:
None
17. Purpose of Acquisition:
Investment in subsidiary
18. Dissenting Opinion from Directors:
None
19. Related Party Transaction:
Yes
20. Date of Audit Committee Approval:
June 3, 2026
21-24. Accountant Details:
Not applicable
25. Change in Business Model:
No
26-27. Business Model Change Details:
Not applicable
28. Source of Funds:
Self-owned funds
29. Date of Previous Disclosure of Major Information:
Not applicable
30. Other Matters:
None
FAQ
What is the purpose of World Gym-KY's entry into Thailand?
To expand its operations into the Thai market and increase revenue as part of its strategic growth plan.
When was this approved?
It was approved by the Board of Directors on June 3, 2026 (Republic of China year 115).
What is the subsidiary called?
It is named World Gym (Thailand) Co., Ltd, with a capital of 300 million THB, fully owned by the parent company.