![ibiz products ibiz products](https://i.ebayimg.com/images/g/zdYAAOSwnpZe5iax/s-l640.jpg)
IBIZ Plus has a strong partnership with AIS, in which the company operates 29 stores for the mobile carrier. With the pandemic raging, we need to be cautious with our investment," said Paramate Rienjaroensuk, chief executive of CPW. "This is a win-win for the seller and buyer, with reduced risk for the buyer. The portion that exceeds the value of such newly issued shares will be paid in cash. It plans to allocate no more than 31.57 million shares in total to IBIZ Plus in three instalments - in 2023, 20 - or 5% of the total number of CPW's shares after the capital increase for offering of newly issued shares through private placement to IBIZ Plus. Under the deal, up to 56 shops run by IBIZ Plus and related assets will be transferred to CPW, whose payment will be based on the yearly average of net profits after tax actually earned in 2022-2024 by IBIZ Plus, although the total amount must not exceed 1 billion baht.ĬPW makes the first instalment payment in cash of 200 million baht in October. IBIZ Plus is a retailer and wholesaler of mobile phones, communication tools and accessories as well as an authorised distributor and operator of stores selling products under the brands of AIS Shop, AIS Telewiz, AIS Buddy, Samsung and Xiaomi in Thailand. The seller receives the benefits of future growth. The earnout eliminates uncertainty for the buyer, as they only pay a portion of the sale price upfront with the remainder based on future performance. The acquisition is via an earnout agreement. The company's board of directors approved the move on July 27 and the resolution is scheduled to be presented at a shareholders meeting on Sept 14 for approval. SET-listed digital lifestyle product distributor Copperwired (CPW) has announced its intention to acquire IBIZ Plus Network, a distributor of mobile devices and accessories, for up to 1 billion baht as it aims to drive sales through outlet expansion.