Sabuy Technology Public Company Limited (SET:SABUY) announced a private placement of not more than 110,000,000 common shares of par value of THB 1 per share at a price of THB 8.95 per share for gross proceeds of not more than THB 984,500,000 on June 23, 2021. The transaction will include participation from T.K.S. Technologies Public Company Limited. The transaction has been approved in the Board of Directors Meeting of the company and is subject to approval in the Extraordinary General Meeting of Shareholders of the company to be held on August 27, 2021.

The shares to be issued are subject to a lock-up period. Post the transaction, the registered capital of the company will increase from THB 1,182,250,000 to THB 1,292,250,000.