Pan Asia Footwear Public Company Limited (SET:PAF) agreed to acquire an additional 14.56% minority stake in Pek Industry Co. Ltd. from P.A. Capital Co., Ltd. for THB 5.5 million on April 1, 2021. Under the terms of the transaction, Pan Asia Footwear Public Company Limited will acquire an additional 2039 common shares for THB 2684.6 per share. Post-closing, Pan Asia Footwear Public Company Limited will hold 10,308 shares representing 73.63% stake in Pek Industry Co. Ltd. On April 1, 2021, the Board of Directors of Pan Asia Footwear Public Company Limited passed a resolution to approve the transaction. The transaction does not require further approval from the Pan Asia Footwear Public Company Limited shareholders' meeting. The transaction is expected to close within April 2021.

Pan Asia Footwear Public Company Limited (SET:PAF) completed the acquisition of an additional 14.56% minority stake in Pek Industry Co. Ltd. from P.A. Capital Co., Ltd. during the quarter ending June 30, 2021.