Seamico Securities takes 30% of Absolute Yoga
Seamico Securities Thursday entered an investment agreement with Absolute Yoga Co (AY) to purchase a new issue of 1.8 million shares valued at Bt217.8 million for a 30-per-cent shareholding.
According to Seamico’s filing to the Stock Exchange of Thailand Thursday, the payment for the share subscription will be made after AY completes a capital increase and shares allotment.
AY operates as a holding company in health and wellness business under the “Absolute You” brand.
According to Seamico, making an investment in this business will generate returns from dividends and capital gains as people are moving towards more health-conscious habits, and this business sector has been growing significantly. AY also has a strong brand presence and has been recognised as a leading yoga studio in Thailand for the past few years.
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