Netbay Public Company Limited (SET:NETBAY) agreed to acquire an additional 39.99% stake in Fynnet Ventures Company Limited from Fynnovate Company Limited for THB 4 million on March 15, 2021. Under the terms, Netbay Public Company Limited will acquire 0.599999 million shares at a price of THB 6.7 per share. Post completion, Fynnet Ventures Company Limited will operates as a 99.99% owned subsidiary of Netbay Public Company Limited. Netbay Public Company Limited uses internal cash flow. As of March 15, 2021 Netbay Public Company Limited board approved the transaction. The transaction is expected to close on March 31, 2021. Netbay Public Company Limited (SET:NETBAY) completed the acquisition of an additional 39.99% stake in Fynnet Ventures Company Limited from Fynnovate Company Limited on March 31, 2021.