Page 22 - BTSGroup ONE REPORT 2021/22_EN

20 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

October
• RCash entered a collaboration with Kerry Express (Thailand) PCL (KEX), and Partnership (Investments/Transactions)
Humanica, to launch a 100% digital lending service platform under the
concept “Money Rabbolution”. RCash plans to officially launch its lending • On 24 December 2020, Kerry Express (Thailand) Public Company Limited
services in 4Q 2021/22 after obtaining the lending business licenses from successfully listed in SET under the trading ticker 'KEX'. This Initial Public
the Bank of Thailand. The products offered in the first phase will include Offering (IPO) of 300mn shares at THB 28.00 per share raised around THB
nano loans, welfare loans, pay day loans and Buy Now Pay Later lending 8.1bn. A partnership between KEX, BTS Group and VGI enables mutual
service. synergies, leveraging off KEX’s extensive distribution network and VGI’s
reach from its Offline-to-Online (O2O) solutions, as well as allowing VGI
direct exposure to the growth of the e-commerce market.
December • On 15 November 2021, VGI’s associate Company, MACO, signed a joint
• VGI successfully invested 15.0% in Jaymart Public Company Limited venture with BTS Group MATCH partner YGGDrazil Group Co., Ltd.
(Jaymart) with a total investment of THB 6,257mn. Therefore, Jaymart has to establish a new JV Company to source and distribute mobile games for
become VGI’s associate company and will record Jaymart’s performances the Thai and ASEAN markets.
under the equity method, from December 2021 onwards. • On 7 December 2021, BTS Group has acquired a 25% shareholding in

TBN Software Company Limited, a leading Thai software developer
2022 engaged in digital transformation consultancy through its Low-Code
January Development Platform (LCDP). The acquisition is part of BTS Group’s
• VGI’s Board of Directors approved the issuance and offering of 2,583mn diversification into the evolving emergence of the software solutions industry.
newly issued ordinary shares through the Rights Offering (RO) at an offering
price of THB 5.00 per share to existing shareholders, whose name appeared Land Sale and Purchase
on the shareholder list record date as of 9 February 2022. Subsequently, • On 17 May 2019, BTS Group disposed 50,000 ordinary shares or 50% of
on 8 April 2022, VGI received proceeds from RO totalling of THB 12.9bn total shares and all debt claims of its investment in Bayswater Co., Ltd.
through above-mentioned new issuance of ordinary shares. a 50:50 joint venture between the Company and Ratchada Asset Co., Ltd.,
a subsidiary of Grand Canal Land PCL, to Central Pattana PCL.
March The value of disposed investment was THB 7,698.7mn. The source of
• VGI’s Board of Directors approved to spin off the lease rights to fund obtained from this transaction was used for investment in businesses,
commercial spaces on the BTS network through an investment of 60.0% other projects, dividend payment and company’s working capital.
in Nation International Edutainment Public Company Limited (NINE).
This transaction was the last piece of VGI’s O2O Marketing Solutions jigsaw.