After news spread earlier in the morning about CRC’s 67 percent stake in GrabTaxi Holdings Thailand, it is an investment in the company but not an entire company.
Subject: Statement from Grab Thailand in the event of news coverage of Central Retail Corporation Public Company Limited’s investment in Grab Thailand business
from the case of some media reports Regarding the case that Central Retail Corporation Public Company Limited (CRC) has acquired 67% of Porto Worldwide Limited (“Porto WW”), which invests in GrabTaxi Holdings (Thailand) Ltd. by CRC. Has held 40% of GRAB shares since 2019, not acquiring additional shares
The 67% stake is a stake in Porto Worldwide Limited and has led to the public misunderstanding that CRC will take full ownership of Grab’s business in Thailand. which is not true
Grab Thailand certifies that CRC’s financial transaction is not a takeover of Grab Thailand (Takeover) and Central Group remains one of the major shareholders in Grab Thailand. Grab Thailand retains its 40% stake since 2019, unchanged.
.
You can read the full news that CRC reported to the Stock Exchange of Thailand at
https://www.set.or.th/set/newsdetails.do?newsId=16384015916861&language=th&country=TH
Best regards
Grab Thailand
