Sabuy Technology Public Company Limited (SET: SABUY) has announced that its board of directors approved the investment in the ordinary shares of Infogrammer Company Limited (EasyRes) in the amount of no more than 12,500 shares or equal to 25 percent of EasyRes’ share from existing shareholders at the total amount not exceeding 50,000,000 baht.
EasyRes is the developer and service provider of professional management systems for restaurants ranging from small size to large size with multiple branches with extensive experiences in POS systems with flexibility to adapt to the needs of each restaurant.
Follow the resolutions of Annual General Shareholders Meeting 2022 dated 27 April 2022, approving for the issuance of ordinary shares under General Mandated in the amount of no more than 100,000,000 shares, at par value of 1 baht per share, equivalent to 7.73 percent of the company’s registered and paid up capital for private placement.
The resolution of the Board of Directors No. 10/2022 dated May 25, 2022 approved for the private placement of newly issued ordinary shares under General Mandate in the amount of 1,785,714 shares at the price of 28.00 baht per share, with the total offering value is 49,999,992 baht to Mr. Nattanan Kunwatthakon and Mr. Thitipong Chattecha at the amount of 892,857 shares each, representing a shareholding stake of 0.06% each.
SABUY stated that the acquisition of EasyRes will result in a larger customer base of the company’s Ecosystem as the transaction will create collaboration between the company’s POS and EasyRes POS whereas EasyRes POS is strong in the food and beverage business with a large customer base.
The acquisition will also increase the revenue for the company and increase product and service offers to the customer within the company’s Ecosystem as part of Business Solution under the company’s 7 Smart Vision.
The transaction is expected to yield profit, growth and cashflow stream to the company, benefiting shareholders of the company in the long run.
In the meantime, the boards also established three new subsidiaries as follows;
1) SABUY Outsourcing Company Limited to provide human resource sourcing service including chauffeur, security guard, housekeeping staff, and call center to SABUY Group, and partners and to accommodate future investment and joint venture is human resource sourcing business.
2) SABUY Fulfillment Company Limited to provide service and to invest in the company in Fulfillment Service such as stock and inventory management service, delivery service to cater to E-Commerce or online business and to accommodate future investment and joint ventures.
3) SABUY Infrastructure Limited to provide service and to invest in the company in Fulfillment Service such as stock and inventory management service, delivery service to cater to E-Commerce or online business and to accommodate future investment and joint ventures.