Simat Technologies Public Company LimitedSIMAT sells its 40% stake in SMH for 22 million baht, cutting its holding from 70% to 30% and deconsolidating SMH, to raise funds and restructure.

Simat Technology Public Company Limited, or SIMAT, announced that its board of directors approved the sale of ordinary shares of Simit Health Company Limited, or SMH, which operates a medical laboratory business as well as the sale, rental, and servicing of X-ray machines, computed tomography scanners, and medical equipment. SIMAT is selling 2.2 million SMH shares, representing 40% of the total, to Mr. Apisit Honglawal, at 10 baht per share, for a total value of 22 million baht. The buyer has no relationship with and is not a connected person of the company. After the transaction, SIMAT's stake in SMH will fall from 70% to 30%, causing SMH to cease being a subsidiary of SIMAT. The transaction aims to improve the company's structure for greater efficiency, manage risk, revise its business plan, and raise funds to support investment and business expansion.
Simat Technologies Public Company LimitedSIMAT sells its 40% stake in SMH for 22 million baht, cutting its holding from 70% to 30% and deconsolidating SMH, to raise funds and restructure.
SMH's 40% stake is sold by SIMAT to an unrelated buyer, reducing SIMAT's ownership to 30% and ending its subsidiary status.