The Brooker Group Public Company Limited acquired 74% stake in YLP Company Limited from Pace Development Corporation Public Company Limited for approximately THB 260 million.
November 08, 2019
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The Brooker Group Public Company Limited (SET:BROOK) signed memorandum of understanding to acquire 74% stake in YLP Company Limited from Pace Development Corporation Public Company Limited (SET:PACE) for approximately THB 260 million on November 6, 2019. The agreement for the transaction was entered into on November 8, 2019. As per the transaction, The Brooker Group Public Company Limited will acquire 1.26 million shares at THB 203.69 per share. The acquisition will be made by means of settlement with loan from The Brooker Group and accrue interest to Pace Food Retails Co., Ltd, subsidiary of Pace Development Corporation. For the financial year ended December 31, 2018, YLP Company Limited reported total revenue of THB 0.13 million, total assets of THB 1.2 billion, and shareholders' equity of approximately THB 200 million. The Boards of Directors of The Brooker Group Public Company Limited and Pace Development Corporation Public Company Limited has approved the transaction. The transaction is expected to complete within November 2019.
The Brooker Group Public Company Limited (SET:BROOK) completed the acquisition of a 74% stake in YLP Company Limited from Pace Development Corporation Public Company Limited (SET:PACE) on November 8, 2019.
The Brooker Group Public Company Limited is a Thailand-based financial consultancy and capital management company. The Company is primarily engaged in business and financial consulting services, investments, lending money and investment in digital assets. Its segments include Business Consulting, Investments and Digital Assets. The Company offers services, including financial advisory, real estate consultancy and capital management. The Companyâs subsidiaries include Binswanger Brooker (Thailand) Limited, which is engaged in the real estate brokerage and consultancy; Brooker Corporate Advisory Co., Ltd., which is engaged in business consultant; Brooker Business Development Co., Ltd., which is involved in the business of business consultant, and Brooker International Co., Ltd., which is engaged in the business consultant for foreign clients.
The Brooker Group Public Company Limited acquired 74% stake in YLP Company Limited from Pace Development Corporation Public Company Limited for approximately THB 260 million.