Bank of Ayudhya Public Company Limited (SET: BAY) has announced the completion of its acquisition of Capital Nomura Securities Public Company Limited.
Refer to the Electronic Extraordinary General Meeting of Shareholders (e-EGM) No. 1/2022 of Bank of Ayudhya PCL (the Bank) held on September 1, 2022 has approved the acquisition of business through the purchase 99.1% of the share capital of Capital Nomura Securities Public Company Limited (CNS), which operates securities business in Thailand, from Nomura Asia Investment (Singapore) Pte Ltd. (NAIS) with intention to offer to purchase up to 0.9% of the share capital of CNS from minority shareholders of CNS totaling up to 100% of the share capital of CNS (collectively the Transaction), subject to the approval from Bank of Thailand (BOT) and / or other related regulatory agencies, details as once notified.
The Bank has announced that it has already completed the acquisition of business through the purchase of 99.1% of the share capital of CNS from NAIS under approvals by the BOT and other relevant regulatory agencies. As a result, CNS now becomes a Non-Solo Consolidation in Krungsri Financial Business Group.