AGX Group Berhad enters into Thailand with its new acquisition

AGX Group Berhad are pleased to announced that the Company had on 16 July 2024 entered into a shareholders’ agreement with Kongsak Chakornviroj and Phetdavanh Phatsalouphon for the acquisition of 6,000 shares representing 30% equity interest in AGX Logistics (Thailand) Co., Ltd. (Formerly known as JK Freight Global Co., Ltd.) (“AGX Thailand”) for a total cash consideration of THB600,000 (approximately equivalent to RM77,000).

The shareholders’ agreement sets out the financial, managerial, administrative and other arrangements agreed between the parties in relation to their participation in AGX Thailand and the manner in which the affairs of AGX Thailand will be regulated.

The acquisition was completed on 31 July 2024 and AGX Thailand has become an associate of AGX.

This acquisition marks a significant milestone in AGX’s regional growth strategy.

For further details, you may refer to the news coverage link below.

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AGX Group Expands Into Thailand With New Acquisition