Sabuy Connext Tech Public Company Limited agreed to acquire 8.5% stake in Vending Plus Co.,Ltd. from group of sellers for approximately THB 100 million.

Sabuy Connext Tech Public Company Limited (SET:SBNEXT) agreed to acquire 8.5% stake in Vending Plus Co.,Ltd. from group of sellers for approximately THB 100 million on August 14, 2023. As part of the transaction, Sabuy Connext Tech will acquire not more than 255,000 shares or equivalent to 8.5% of the registered capital. SBNEXT will pay compensation in the amount of not more than THB 100.725 million or not in excess of THB 395 per share to VDP 's existing shareholders in full amount in cash.

The transaction will be financed from Cash flow and/or Loan from the issuance of the debenture. it is expected that Sabuy Connext will enter into shares purchase agreement within September 2023. Plus Tech Innovation Public Company Limited (SET:PTECH) approved the transaction.

The transaction is expected that the transaction will be completed by October2023 or as agreed by the contract parties.