TEAM Consulting Engineering and Management Public Company Limited agreed to acquire 6% stake in Netbay Public Company Limited from Phichit Wiwatrujirapong for approximately THB 200 million.

TEAM Consulting Engineering and Management Public Company Limited (SET:TEAMG) agreed to acquire 6% stake in Netbay Public Company Limited (SET:NETBAY) from Phichit Wiwatrujirapong for approximately THB 200 million on December 21, 2023. TEAM Consulting will acquire 12 million shares at a price not exceeding THB 17 per share. The transaction was approved by the Board of Directors of TEAM Consulting and is expected to complete within January 15, 2024.