Cho Thavee Public Company Limited (mai: CHO) has announced an acquisition of assets in Bangkok Pay Company Limited (Bangkok Pay). The transaction is classified as an investment for the acquisition of assets. This investment is worth THB 29.39 million to receive ordinary shares of Bangkok Pay in the proportion of 35.00 percent of the total number of shares sold.
The objective of this acquisition is to expand the AI and Metaverse businesses that CHO holds the rights to and coordinate with the company’s business plan “CHO Tech Riders 2030”.