EA Invests THB7 Billion to Acquire Nearly 24% Stake in Beyond Securities through Private Placement

Energy Absolute Public Company Limited (SET: EA) announced that its Board of Directors meeting  approved EA Mobility Holding Co., Ltd. (EMH), a subsidiary of EA, to invest in Beyond Securities Public Company Limited (SET: BYD), Ace Corporation Co., Ltd. (ACE) and Thai Smile Bus Co., Ltd. (TSB) by acquiring newly issued ordinary shares from specific investors (Private Placement or PP) of BYD at 23.63% of BYD’s paid-up capital after the capital increase.

Meanwhile, the board also approved E Transport Holding Co., Ltd. (ETH), a subsidiary of EA, to transfer all of ETH’s business under the process of the Entire Business Transfer (EBT) and its operations to TSB, resulting in the 9 subsidiaries and an associate under ETH’s shareholding ceasing to be EA’s subsidiaries and associates.

In summary, EA will acquire 990,800,000 shares in BYD, with a price of THB7.062 per share, for a total of 6,997,029,600 baht through EMH’s holding. EMH will earn a total of Baht 6,000,000,000 from the entire business transfer of ETH. If the acquisition and disposition of these 2 transactions are included, EA will spend a total of 997,029,600 baht.


BYD is a listed company, operating its core business as securities and derivatives brokerage. BYD has received the following licenses to operate as a securities company from the Ministry of Finance, the Securities and Exchange Commission (SEC), and the Stock Exchange of Thailand (SET).

ACE operates the main business by holding shares in limited companies and/or public limited company, with BYD holding shares at 49% and other persons holding shares at a rate of 51%.

TSB operates the main business of providing bus services in Bangkok and metropolitan areas, with ACE being a 100% shareholder.