LINE MAN Wongnai and LINE Company (Thailand) Limited acquire the shares of Rabbit LINE Pay Company Limited (RLP) from previous shareholders RabbitPay System Company Limited and Advanced mPAY Company Limited.
The transaction allows LINE MAN Wongnai to become the majority shareholder of RLP, the duo said in a statement on Thursday.
Yod Chinsupakul, LINE MAN Wongnai Chief Executive Officer, and In Young Chung, LINE MAN Wongnai Chief Financial Officer, will become the new Chief Executive Officer and Chief Financial Officer of RLP, respectively.
The purpose of this acquisition is to bring RLP payment services closer to the LINE ecosystem, including LINE MAN, LINE SHOPPING, LINE App, and Wongnai’s merchant network.
The new ownership structure will accelerate the innovation in RLP and create a more seamless experience within LINE MAN Wongnai’s services and also to the wider…
