Central Retail Corporation Public Company Limited (SET: CRC) has disclosed through the Stock Exchange of Thailand that on December 23, 2025 the company entered into a Share Purchase Agreement with PICO Holdings Joint Stock Company, an electronic retailer in Vietnam, to dispose of the investment held by the company, both direct and indirect.
CRC’s investment in NKT New Solution and Technology Development Investment Joint Stock Company (NKT) ( the holding company for the electronics retail business operated under the Nguyen Kim brand in Vietnam), and its subsidiaries wholly owned by NKT, will be disposed at Enterprise Value of $36 million, equivalent to approximately THB 1,137 million.
CRC will record an approximate one-time, non-cash THB 5,900 million impairment charge in the fourth quarter of 2025. The company’s financial statements remain strong, and this impairment will not have any material adverse effect on the business operation, assets , financial conditions and dividend payment.
This transaction forms part of the company’s strategy to optimize its business portfolio in Vietnam, with a focus on reallocating resources to increase operational efficiency, accelerate business expansion, and enhance returns across its two core businesses in the country—Food and Property.
This transaction will be completed once the conditions precedent stipulated in the agreement have been fully satisfied or waived. Key conditions precedent includes obtaining necessary approvals from relevant government authorities and business partners, as well as the absence of any material adverse effect.
