Innovation Footwear Co., Ltd. agreed to acquire a 45.88% stake in P.A. Capital Co., Ltd. from Pan Asia Footwear Public Company Limited (SET:PAF) and Advantage Footwear Co., Ltd. for THB 4.8 million on April 1, 2021. The transaction includes acquisition of 4,837,432 common shares of P.A. Capital at THB 1 per share. The transaction has been approved by the board of directors of Pan Asia Footwear Public Company Limited.