BTS Group Holdings Public Company Limited (SET:BTS) agreed to acquire Mo Chit Land Company Limited from Sino-Thai Engineering and Construction Public Company Limited (SET:STEC) for THB 4.4 billion on October 7, 2020. Under the terms of the transaction, BTS Group Holdings Public Company Limited will acquire 29.55 million shares in Mo Chit Land Company Limited. The total consideration of THB 4,450 million will be paid on the date of transfer of share ownership. BTS Group acquired THB 37.4 million cash, as part of the transaction. As at October 22, 2020, Mo Chit Land Company Limited reported THB 5 billion of Total assets and THB 4.3 billion of Net Assets. The transaction is approved by the board of BTS Group. The Board of Directors of Sino-Thai Engineering and Construction Public Company Limited also approved the transaction on October 22, 2020.

BTS Group Holdings Public Company Limited (SET:BTS) completed the acquisition of Mo Chit Land Company Limited from Sino-Thai Engineering and Construction Public Company Limited (SET:STEC) on October 22, 2020.