Plan B Media Public Company Limited agreed to acquire Aqua Ad Public Company Limited and Boardway Media Company Limited from Aqua Corporation Public Company Limited for THB 2.88 billion.

Plan B Media Public Company Limited (SET:PLANB) agreed to acquire Aqua Ad Public Company Limited and Boardway Media Company Limited from Aqua Corporation Public Company Limited (SET:AQUA) for THB 2.88 billion on January 26, 2022. As per the transaction, Plan B Media Public Company Limited will acquire 404.43 million shares and 3 million shares representing 100% stake each of Aqua Ad Public Company Limited and Boardway Media Company Limited. Consideration shall be payable in tranches as agreed between the parties.

The Board of Directors of Aqua Corporation Public Company Limited has approved the transaction. The transaction is subject to certain conditions including obtaining consents from financial institution and other related conditions as agreed between the parties. Agreement will be signed on January 31, 2022.

Completion is planned on or around March 15, 2022. Long stop date for the transaction is March 31, 2022.