Turnkey Communication Services Public Company Limited (SET : TKC) agreed to acquire a 16.60% stake in Advanced Information Technology Public Company Limited (SET : AIT) from Sabuy Technology Public Company Limited (SET : SABUY) for THB 1.6 billion on July 24, 2023. Upon closing of the transaction, TKC will own approximately 16.60% stake in AIT and SABUY will cease to be a holder. The transaction will be completed after the date on which the shareholder meeting of TKC resolves to approve the issuance of newly issued ordinary shares through a private placement, or as mutually agreed upon by the relevant parties, provided that all conditions precedent under the share purchase agreement have been fulfilled or waived by the relevant parties.