U City Public Company Limited (SET:U) entered into an agreement to acquire remaining 50% stake in BTS Sansiri Holding Fifteen Limited from Sansiri Public Company Limited (SET:SIRI) for THB 1 million on March 31, 2020. Under the terms of transaction, Sansiri Public will transfer to U City Public all of its claims on existing loans granted to the Disposed Joint Venture Company by U City. In a separate transaction, Sansiri Public Company Limited (SET:SIRI) entered into an agreement to acquire BTS Sansiri Holding Twenty Limited (“BS20”), BTS Sansiri Holding Twenty Limited (“BS24”) and BTS Sansiri Holding Twenty Limited (“BS25”) from U City Public Company Limited (SET:U) for approximately THB 170 million. After the completion of the transaction, Kavin Kanjanapas, Kong Chi Keung, Piyaporn Phanachet and Sayam Siwarapornskul will work as Directors of BTS Sansiri Holding.

U City Public Company Limited (SET:U) completed the acquisition of remaining 50% stake in BTS Sansiri Holding Fifteen Limited from Sansiri Public Company Limited (SET:SIRI) during the period ended September 30, 2020.