Humanica Public Company Limited (SET:HUMAN) signed a Memorandum to acquire DataOn Group from Viko Technologies Pte. Ltd., Gordon Enns, Benjamin Ho Chi Wai and Piyalak Boonyoprakarn for THB 2 billion on December 14, 2021. The payment will be made in form of issuing new ordinary shares not exceeding 187.44 million shares at the offer price of THB 10.60 per share totaling THB 1,986.90 million and cash payment for THB 4.63 million. After completion of the transaction, DataOn Group companies shall become subsidiary companies of Human and seller will hold Humanica's ordinary shares for 21.61% of paid up capital. The transaction is subject to significant conditions to be completed prior to Completion Date: Humanica must obtain approval from EGM Meeting of Shareholders prior to complete this acquisition, legal due diligence and financial due diligence shall be done correctly and completely. Application for approval of the capital increase allocation of newly issued shares by the relevant governmental agencies and approval conditions. Humanica needs an approval from shareholders' meeting with the vote of not less than third-fourth of total votes of shareholders who attend and grant the right to vote. Humanica shareholders meeting on March 31, 2022, approved the transaction. After the transaction, Gordon Enns who is Director and shareholder of Viko will be a new Director of Human and sellers shall retain their 80% of the total new shares received with Humanica for a period of 2 years. The Board of Humanica passed a resolution to approve the transaction. Humanica expects to complete the business transfer transaction according to the conditions of the transaction within 60 days from the date of approval from the Extraordinary General Meeting of Shareholders. In the event that shares acquisition of DataOn Group is cancelled, the approval of director will also be terminated.

DataOn Group reported revenues of approximately THB 280 million, net profit of THB 41 million, total assets of approximately THB 180 million, Minority Interest of THB 1.3 million and total shareholder's equity of approximately THB 130 million for the year ending December 31, 2020. Silom Advisory Company Limited acted as an independent financial advisor to provide an opinion on the acquisition transaction to Humanica.

Humanica Public Company Limited (SET:HUMAN) completed the acquisition of DataOn Group from Viko Technologies Pte. Ltd., Gordon Enns, Benjamin Ho Chi Wai and Piyalak Boonyoprakarn on May 24, 2022.