Sabuy Technology Public Company Limited made a tender offer to acquire remaining 75.16% stake in Asiasoft Corporation Public Company Limited (SET:AS) for approximately THB 7.04 billion.

Sabuy Technology Public Company Limited (SET:SABUY) made a tender offer to acquire remaining 75.16% stake in Asiasoft Corporation Public Company Limited (SET:AS) from Pramoth Sudjitporn and Saowaluck Jitsumrit, Bualuang Long Term Fund managed by BBL Asset Management Company Limited and others for approximately THB 7.04 billion on March 30, 2023. The total value of consideration to be paid by the Company for the entry into this transaction will be up to THB 7.134 billion. The offer per share is THB 18.50 for 380,855,256 shares, and THB 15 for 4,961,539 warrants at the exercise price.

THB 3.50 per unit. The IFA views that the Tender Price for all AS's securities is a reasonable and justifiable price. Transaction is subject to shareholders, regulatory approval, government agencies bodies, Sabuy Technology obtaining financing and other predetermined conditions.

As of June 1, 2023, the transaction has been approved by the board of Sabuy Technology. The Company has obtained sufficient credit facilities from financial institutions to fund the Tender Offer for AS, subject to terms and conditions of credit facilities as the Company deems appropriate. Avantgarde Capital Company Limited acted as financial advisor to Sabuy Technology.