Sansiri Public Company Limited entered into an agreement to acquire BTS Sansiri Holding Twenty Limited, BTS Sansiri Holding Twenty Four Limited and BTS Sansiri Holding Twenty Five Limited from U City Public Company Limited (SET:U) for approximately THB 170 million.

Sansiri Public Company Limited (SET:SIRI) entered into an agreement to acquire BTS Sansiri Holding Twenty Limited, BTS Sansiri Holding Twenty Four Limited and BTS Sansiri Holding Twenty Five Limited from U City Public Company Limited (SET:U) for approximately THB 170 million on March 31, 2020. Under the agreement, Sansiri Public will acquire 0.5 million shares of BTS Sansiri Holding Twenty Limited (“BS20”) at the purchase price of THB 100.628 million, Sansiri Public will acquire 0.25 million shares of BTS Sansiri Holding Twenty Limited (“BS24”) for THB 52.545 million and Sansiri Public will acquire 0.25 million shares of BTS Sansiri Holding Twenty Limited (“BS25”) for THB 13.847 million. The acquisition is funded through internal working capital of Sansiri.

In a separate transaction, U City Public Company Limited (SET:U) entered into an agreement to acquire 50% stake in BTS Sansiri Holding Fifteen Limited from Sansiri Public Company Limited (SET:SIRI) for THB 1 million. Following acquisition, Apichart Chutrakul, Srettha Thavisin, Wanchak Buranasiri, Uthai Uthaisangsuk and Nopporn Boonthanom will be directors of BTS Sansiri Holding Twenty Limited (“BS20”), BTS Sansiri Holding Twenty Limited (“BS24”) and BTS Sansiri Holding Twenty Limited (“BS25”).