CHEWA Invests ฿358M to Take Over “Thaicorp Capital” for Property Development Business

On 16 May 2019, Chewathai Public Company Limited (CHEWA) has been announced to approve Chewathai Interchange Company Limited (Chewathai Interchange), a subsidiary of the company, to purchase shares of the Thaicorp Capital Company Limited (Thaicorp Capital) which is a company that Property Development in the total amount 1.35 million shares or 100% of paid-up capital shares for total consideration of THB 358.58 million. The acquisition of Thaicorp Capital shares will result in the Thaicorp Capital being a subsidiary of Chewathai Interchange and also a subsidiary of the Company.