Ditto Public Company Limited agreed to acquire 24.9% stake in Netbay Public Company Limited from Pichit Viwatrujirapong for approximately THB 850 million.

Ditto (Thailand) Public Company Limited (SET:DITTO) agreed to acquire 24.9% stake in Netbay Public Company Limited (SET:NETBAY) from Pichit Viwatrujirapong for approximately THB 850 million on December 19, 2023. As per the transaction, Ditto (Thailand) Public Company Limited will acquire 49.8 million shares of Netbay Public Company Limited and will issue 33.2 million shares to Pichit Viwatrujirapong as purchase consideration. The transaction is approved by board of directors of Ditto (Thailand) Public Company Limited and is subject to due diligence investigation, approval by shareholders of Ditto (Thailand) Public Company Limited and is expected to close on February 29, 2024.