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Bangkok Post
Bangkok Post
Business

Webull acquires Pi for nearly B3bn

PI WeBull TT Thailand Florida Singapore United States
CGH plans to utilise the proceeds from investment disposal in Pi and TT to support existing operations, investments and future expansion of the group into potential businesses including wellness, says Mr Tommy.

Thailand's securities industry is in the spotlight again after Webull, the Florida-based global digital investment platform, announced its nearly 3-billion-baht acquisition of Pi Securities, making a fast entry into the highly regulated capital market.

In a filing to the Stock Exchange of Thailand on Tuesday, Country Group Holdings (CGH) said the financial group is in the process of disposing of 1.58 billion shares, representing 90.98% of the total issued and paid-up shares of Pi Securities, along with 885,666 shares or 55.99% of Trader Co Ltd (TT) to Webull Holdings (Singapore) Pte (WBH).

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