AU’s Major Shareholders Sell 8% Stake to BTS, Expecting a Future Business Synergy

After You Public Company Limited (AU) has made an announcement to clarify the transaction to sell AU shares by the way of trading on the Stock Exchange of Thailand (SET) Big Lot Board (the Big Lot Transactions) of 66,000,000 shares accounting to 660 million baht on December 23, 2020, representing 8.1% of the total issued shares, at an average price of ฿10.00/share.

 

AU was informed that the shares were sold by Ms. Gulapat Kanokwatanawan and Mr. Maetup T. Suwan, the Company’s major shareholders with the main objective of this transaction is to sell the shares to BTS Group Holdings Public Company Limited (BTS) due to potential business synergy and network expansion in the future for both sides. 

 

After the transaction, Ms. Gulapat will hold 27.79% from 31.84% and Mr. Maetup will hold 25.35% from 29.40%. 

 

This transaction does not affect the management structure and business policy in all aspects.