Sabuy Technology Public Company Limited (SET:SABUY) agreed to acquire 73.48% stake in TBSP Public Company Limited (SET:TBSP) from T.K.S. Technologies Public Company Limited (SET:TKS) for THB 2 billion on June 23, 2021. Pursuant to the terms of the transaction, Sabuy Technology Public Company Limited would acquire around 150.1 million shares in TBSP Public Company Limited for approximately THB 13.4 per share. THB 984.5 million will be paid by September 16, 2021 and THB 1.02 billion will be paid on December 20, 2021. Funds for acquisition will be derived from 2 sources from the issuance and allocation of 110 million newly issued shares at an offering price of THB 8.95 per share, amounting to total value of THB 984.5 million and from the sale of 86.12% of the shares of Vending Plus Company Limited. After such sale of TBSP Public Company Limited shares, T.K.S. Technologies Public Company Limited will hold no more than 25% of the total number of shares sold of TBSP Public Company Limited upon the completion of the share sale. The transaction has been approved by the Board of Directors of T.K.S. Technologies Public Company Limited, in a meeting convened on June 23, 2021. The shareholders of Sabuy Technology Public Company Limited approved the transaction. Grant Thornton Services Limited acted as the Independent Financial Advisor to provide opinion to the shareholders of Sabuy Technology Public Company for approval decision making. Avantgarde Capital Company Limited acted as financial advisor for TBSP Public Company.

Sabuy Technology Public Company Limited (SET:SABUY) completed the acquisition of 73.48% stake in TBSP Public Company Limited (SET:TBSP) from T.K.S. Technologies Public Company Limited (SET:TKS) on September 21, 2021. On September 13, 2021, an agreement was signed. Sabuy Technology Public Company Limited has no plan to delist TBSP Public Company Limited.