WICE Logistics Public Company Limited (SET:WICE) agreed to acquire 80% stake in Universal Worldwide Transportation Limited from Wong Wai Hing for approximately THB 120 million on October 31, 2017. WICE Logistics Public Company Limited will acquire 0.08 million shares of Universal Worldwide Transportation. The consideration will be made in two installments, first installment of THB 39.8 million will be paid in cash on completion and the second installment of THB 75.2 million in cash will be paid within 45 days after the issuance of audited financial statement ended March 31, 2022. Post transaction, WICE Logistics Public Company Limited will hold 80% stake in Universal Worldwide Transportation. WICE Logistics Public Company Limited will use the working capital for the payment of the share acquisition. The transaction is approved by the board of WICE Logistics Public Company Limited. The transaction is expected to complete on December 28, 2017. WICE Logistics Public Company Limited expects that the acquisition of Universal Worldwide Transportation will increase the revenues of WICE Logistics Public Company in the future. WICE Logistics Public Company Limited (SET:WICE) completed the acquisition of 80% stake in Universal Worldwide Transportation Limited from Wong Wai Hing on January 4, 2018. The payment for the 1st portion of THB 39.86 million has been made on January 4 ,2018.