Carabao Group Public Company Limited (SET:CBG) agreed to acquire 20% stake in Tawandang Logistics Company Limited from C.J. Express Group Company Limited for approximately THB 51 million on December 15, 2022. The transaction is for a total amount of investments not exceeding THB 51.4 million. As a part of the transaction, the board of Carabao approved TWD to enter into a joint venture agreement and other relevant agreements with Mena Transport Public Company Limited (“MENA”) for establishing a joint venture company. The deal has been approved by board of Carabao.

Carabao Group Public Company Limited (SET:CBG) completed the acquisition of 20% stake in Tawandang Logistics Company Limited from C.J. Express Group Company Limited on December 31, 2022.