YGG Gains 31% in 5 Days after BTS Steps Up as a Major Shareholder for Business Synergy

The share price of Yggdrazil Group Public Company Limited (YGG) rose five consecutive days to at ฿17.70/share as of 16:15 local time in Thailand on Tuesday after the acquisition of 6.75% of YGG’s stake by BTS earlier last week.

YGG gained a total of ฿4.20/share or 31.1% in the past five days since the closing at 13.50/share on December 22, 2020.

 

BTS Group Holdings Public Company Limited (BTS) purchased 12,150,100 shares of YGG in a big lot transaction on December 22, 2020, at an average price of ฿12.70/share. Investors have been speculating the synergy of the two companies after this acquisition.