Begistics Public Company Limited (SET:B) entered into a share purchase agreement to acquire additional 12.15% stake in The Megawatt Co., Ltd. from Wave Entertainment Public Company Limited (SET:WAVE) for approximately THB 330 million on March 10, 2023. As per terms of the transaction, The offer per share is THB 115 for 2,80,000 shares. The consideration will be paid in cash. Begistics will finance the acquisition by issuance of its new shares. This issuance is subject to Begistics shareholders approval. The board of Wave Entertainment has approve the transaction, Wave plan to use cash amount of THB 327,750,000 to use as a working capital and funding to the business of the Company.

Begistics Public Company Limited (SET:B) completed the acquisition of additional 12.15% stake in The Megawatt Co., Ltd. from Wave Entertainment Public Company Limited (SET:WAVE) on May 31, 2023.