SABUY Technology Public Company Limited (SET: SABUY) announced on Monday that the board of directors had the meeting resolution on February 17, the details are as follows:
1.Resolution approving the acquisition of assets as follows:
1.1 The company invested in Asiasoft Corporation Public Company Limited (SET: AS) by purchasing AS ordinary shares in the amount of no more than 18,614,000 shares, or equivalent to 3.67 percent of the number of shares with voting rights, through the Main Board of the Stock Exchange (Main Board) with an amount not exceeding THB 272,695,100.
The maximum transaction size for an AS transaction is 4.54 percent based on net profit from operation criteria.
1.2 The investment of Sabuy POS Company Limited (SBPOS) in Infogrammer Company Limited (IFGM) by purchasing IFGM’s newly issued ordinary shares in the amount of no more than 12,500 shares, or equivalent to 20.00 percent of registered capital after the issuance of new ordinary shares, in which the company will pay compensation in the amount not exceeding THB 45,000,000.
The maximum transaction size of IFGM transaction is 0.30 percent based on the total value of consideration criteria.
1.3 The investment of Sabuy Infrastructure Company Limited (SBINFR) in Nipa Technology Company Limited (NIPA) by purchasing NIPA’s newly issued ordinary shares in the amount of no more than 110,525 shares and additional ordinary shares in the amount of no more than 110,525 shares from the Chulya family, which are the shareholders of NIPA (NIPA Shareholders), representing a total of 10.00 percent of registered capital after the issuance of new ordinary shares, in which the company will pay compensation in an amount not exceeding THB 200,000,000 to NIPA and NIPA shareholders.
The maximum transaction size for a NIPA transaction is 1.32 percent based on the total value of the consideration criteria.
1.4 The investment of Sabuy Outsourcing Company Limited (SBOSC) in S2Smart Company Limited (S2Smart) by purchasing S2Smart ordinary shares in the amount of no more than 20,000 shares or equivalent to 80 percent of registered capital from Mr. Chaichatchanon Sapprakob, Mr. Amornthep Sothonudomthap, and Mr. Natchanan Chamsaeng (S2Smart shareholders), in which the company will pay compensation in an amount not exceeding THB 18,354,400 to S2Smart shareholders.
The maximum transaction size for S2Smart transactions is 0.88 percent based on net profit from operation criteria.
1.5 The company invested in Sabuy Master Company Limited (SBMST) by purchasing SBMST newly issued ordinary shares in the amount of no more than 2,000,000 shares or equivalent to not exceeding 66.67 percent of registered capital after the issuance of new ordinary shares, in which the company will pay compensation in an amount not exceeding THB 20,000,000.
The maximum transaction size for SBMST transactions is 0.13 percent based on the total value of the consideration criteria.
2.Resolution approving the increase in registered capital in subsidiaries as follows:
2.1 The company has increased the registered capital of Sabuy Alliance Company Limited (SBALL) by THB 18.5 million from the current registered capital of THB 1.5 million to THB 20 million by issuing 370,000 ordinary shares with a par value of 50 baht per share.
2.2 The company has increased the registered capital of Isoftel (Thailand) Company Limited (ISOFT) by THB 40 million from the current registered capital of THB 10 million to THB 50 million by issuing 400,000 ordinary shares with a par value of 100 baht per share.
2.3 The company has increased the registered capital of Sabuy Master Company Limited (SBMST) by THB 25 million from the current registered capital of THB 5 million to THB 30 million by issuing 2,500,000 ordinary shares with a par value of 10 baht per share.
All allocating to existing shareholders in proportion to their shareholding.
