Country Group Holdings Public Company Limited

Webull Corporation announced the completion of its acquisition of Pi Securities in Thailand, targeting a combined asset under management of THB 200 billion. The deal, approved by Thailand's SEC, involved Webull purchasing approximately 99.36% of Pi Securities for an aggregate consideration of about US$100 million, including a 90.98% stake from Country Group Holdings for US$90 million and an additional 8.38% from another shareholder for US$10 million. Webull Thailand's CEO highlighted synergies in research, technology, and AI, while the company plans to expand wealth management and leverage partnerships, including with a Thai bank and TrueMoney Mini App. Initially, both firms will operate independently under their respective brands.

Country Group Holdings Public Company Limited, or CGH, has reported progress on its investment plans in four new business areas, following the completion of the sale of its shares in Pi Securities Public Company Limited, or Pi, to Webull Holdings (Singapore) Pte. Ltd. In the lending and financial support business, the company is in the process of offering its first loan and expects to recognize interest income by September 2026. Meanwhile, the Longevity Clinic business is preparing to open its first location at the Four Seasons Hotel Bangkok on the Chao Phraya River, with services and revenue recognition expected to begin in the fourth quarter of 2026. As for the Longevity Retreat business, the company is developing its own land and negotiating with international operators, but the investment model is not yet finalized; it may consider acquiring assets or businesses if appropriate. In the sports, health, and lifestyle business, the company is conducting due diligence on land to develop new projects or acquire existing operations. The company focuses on investments that generate continuous revenue and cash flow in both the short and long term.

Country Group Holdings Public Company Limited (CGH) announced the completion of the sale of its shares in Pi Securities Public Company Limited (Pi) to Webull Holdings (Singapore) Pte. Ltd. (WBH) on September 1, 2026. The transfer involved 1,578,884,083 Pi shares, representing 90.98% of all issued and paid-up shares, with payment received in accordance with the Share Purchase Agreement (SPA). This sale is part of the plan to divest all investments in subsidiaries, including 885,666 shares of Top Trader Company Limited (TT), representing 55.99%. The Extraordinary General Meeting of CGH shareholders No. 1/2026, held on August 10, 2026, approved the transaction. The total value of the sale to Webull, which is not a related party, is approximately 2,865 million baht.