SATS Investments Pte Ltd. and SATS (Thailand) Co., Ltd. agreed to acquire 85% stake in Food City Company Limited from Bangkok Ranch Public Company Limited (SET:BR) for approximately THB 480 million on May 21, 2021. SATS Investments Pte Ltd. and SATS (Thailand) Co., Ltd. entered into a conditional sale and purchase agreement to acquire a 85% stake in Food City Company Limited from Bangkok Ranch Public Company Limited (SET:BR) on June 8, 2021. Under the terms of transaction, Bangkok Ranch Public Company Limited will sell 7.85 million shares at a purchase price of THB 61.69 per share. SATS Investments Pte Ltd. and SATS (Thailand) Co., Ltd. completed the acquisition of a 85% stake in Food City Company Limited from Bangkok Ranch Public Company Limited on July 9, 2021.