Thailand’s Plan B Media to acquire 2 Aqua Corporation subsidiaries

Thailand’s Plan B Media to acquire 2 Aqua Corporation subsidiaries

By M4G Bureau – January 27, 2022

The acquisition will broadbase Plan B Media’s offerings in the market

Plan B Media, one of the foremost OOH companies operating in Thailand, is acquiring the media businesses of two subsidiaries of Aqua Corporation Plc. The acquisition was approved by the Board of Plan B in a resolution passed on January 26. The resolution was reported to the Stock Exchange of Thailand where the company is listed.

Addressing a new conference in Bangkok on this development, Pinijsorn Luechaikajohnpan, managing director of Plan B, said:  “Our board approved the 100% acquisition of advertising business from AQUA worth 2.9 billion baht, using our company’s cash flow.”

Bangkok Post quoted Pinijsorn as stating that Plan B’s investment will…