SABUY Share Price Surges as US Fund Shows Interest in Investing

Strong Surge in SABUY Share Price: Short Insurance Transaction and US Fund’s Interest

The CEO of Sabai Technology Public Company Limited (SABUY), Mr. Chukiat Rujanapornpaji, has announced that SABUY’s share price experienced a substantial increase throughout the trading day, closing with a rise of 15.54% or 1.15 baht at 8.55 baht. This surge may be attributed to the participation of certain large investors (VI), who engaged in short insurance transactions following a significant drop in the stock price, providing them an opportunity to readjust their positions. Notably, there was a short sale of approximately 113 million shares with an average price range of 9.55 baht to 8.70 baht.

Furthermore, an American fund has expressed interest in investing in SABUY shares, aiming to acquire a stake of over 10%. The initial purchase is expected to be concluded soon, while the remaining details of the transaction, including the price and form, are still being discussed with the company’s main shareholders. The possibility of purchasing shares directly from the major shareholders also remains on the table, should an agreement be reached.

However, it should be noted that Mr. Chukiat himself has no intention of selling his shares. Instead, the American fund is currently negotiating with other significant shareholders. The collection of shares is expected to take place in the near future.

Main Shareholders of SABUY:

1. Mr. Chukiat Rujanapornpaje: 442,821,045 shares or 24.04%
2. Mr. Anonchai Weeraprawat: 248,400,000 shares or 13.49%
3. Sabai Technology Public Company Limited: 87,200,003 shares or 13.49%
4. TKS Technology Public Company Limited: 77,000,000 shares or 4.18%
5. Sabai Connex Tech Public Company Limited: 72,850,000 shares or 3.96%

Chukiat added that the current management of the company remains unaffected, and they continue to operate as usual. The company is also actively exploring potential merger and acquisition opportunities, with hopes of providing further clarification in the near future.

Mr. Chukiat Rujanapornpaji, CEO of Sabai Technology Public Company Limited (SABUY), revealed to “InfoQuest” that SABUY’s share price jumped strongly from the morning until the market closed, the price rose to 15.54% or 1.15 baht to close at 8.55 baht Part of this probably came from some large investors (VI) who came in to do a short insurance transaction after the stock price had dropped significantly. and have a chance to adjust Previously, there was a short sale of about 113 million shares and an average price of 9.55 baht and 8.70 baht.

In addition, a US fund approached the company. who is interested in investing in SABUY shares in a share of more than 10%, which is expected to collect shares in the first lot But the remaining items are still being discussed with the main shareholders. The price or form of the transaction through the stock exchange has not yet been finalised. or buy shares directly from the main shareholders

However, Mr confirmed. Chukiat will not sell the shares he has. But the US fund negotiated with other major shareholders. It is expected that a collection will be made soon.

For SABUY’s 5 main shareholders there are:

1. Mr. Chukiat Rujanapornpajee 442,821,045 shares or 24.04% 2. Mr. Anonchai Weeraprawat 248,400,000 shares or 13.49% 3. Sabai Technology Public Company Limited 87,200,0003 shares or 13.49%

4. TKS Technology Public Company Limited 77,000,000 shares or 4.18%

5. Sabai Connex Tech Public Company Limited 72,850,000 shares or 3.96%

Chukiat also said that Mr. Currently, we are still managing as usual. And the company is still in the process of continuing to study M&A deals. Expect to see clarity soon too.

#Chukiat #reveals #SABUY #shares #skyrocket #results #making #cover