SAMCO Advances in Holding Business, Acquiring 19% of F&B Company “Brainwake”
SAMCO has invested THB 42.75 million to acquire 19% of Brainwake, an F&B company, to advance its business into holding business.
Sammakorn Public Company Limited (SAMCO) has announced its Board of Directors Meeting on May 24, 2019, which has resolved to approve Pure Sammakorn Development Company Limited (PSDC), the subsidiary of SAMCO, to invest in the Brainwake Company Limited (BW).
BW is a holding company investing in food and beverage business. PSDC will invest in a proportion of 19% (285,000 ordinary shares) of the new registered capital of THB 150 million at a price of THB 150 per share, equivalent to THB 42.75 million.
The transaction is expected to be complete within June 2019.