SABUY to invest THB 462.67 million in acquiring a 5% stake in “GHL Systems Berhad”, a leading online payment gateway service provider, through buying in the Malaysian stock market. It is expected to be completed by March 2023, hence, strengthen and expand SABUY Ecosystem business base to the ASEAN regional market.
Mr. Chookiat Rujanapornpaje Chief Executive Officer of SABUY Technology Public Company Limited or SABUY, revealed that the Board of Directors’ meeting has approved the investment in ordinary shares of not more than 57,074,992 shares or 5.00% in GHL Systems Berhad. (“GHL”) in Malaysia, whereby the Company will invest in GHL shares through market purchase in the Bursa Malaysia Stock Exchange in the amount not exceeding 57,074,992.10 Malaysian Ringgit or equivalent to THB 462,667,008.46. The transaction is expected to be completed within March 2023.
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