Sabuy Technology Public Company Limited (SABUY) announced that the Board of Directors’ Meeting held on October 19, 2021, had a resolution to approve the company jointly invested with TERO Entertainment Public Company Limited (TERO) to establish Tero Sabuy Company Limited (TRSB), holding 50% of shares, with an investment value of 10,000,000 Baht.
The objective of joint venture establishment is to install and maintain vending machines including selling advertising media on vending machines.
SABUY aims the business synergy will bring the strengths of partners to create new business, which creates an advertising space to target customers with professionalism and experience in the media industry, as well as adding the SABUY group’s vending machine setting point to Increase the service channel and number of users in the ecosystem of SABUY Group. Additionally, it will enable future SABUY Group products and services to be offered through the customer group of partners (TERO).
In addition, in the same meeting, SABUY had a resolution to approved the appointment of Mr. Poonpat Sripleng as Executive Board of Director and Risk Management Committee with effect from 20 October 2021 onwards.