Wow Factor Public Company Limited (SET:W) agreed to acquire 51% stake in Fruita Biomed Company Limited from Rakchai Rengsomboon and Satita Balasuvatthi for THB 450 million on March 4, 2024. As part of the transaction Wow Factor Public Company Limited will acquire 0.816 million representing 25.50% from Rakchai Rengsomboon and Satita Balasuvatthi for THB 223.80 million each. For the period ended December 31, 2023 Fruita Biomed Company Limited reported total assets of THB 364.98 million and profit THB 55.76 million.

The transaction is subject to approval from Wow Factor Public Company Limited shareholders and Consummation of Due Diligence Investigation. FynnCorp acted as financial and fairness opinion provider to Wow Factor Public Company Limited on the transaction.