Vending

Thai vending company goes public, plans to have 20,000 machines

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October 11, 2021

Saha Group, a Thailand retail conglomerate with a vending division, plans to expand its 13,800 vending machines 20,000 machines by 2023 after the company listed on the Thai stock exchange last week, according to an asia.nikkei.com report.

Vending machines have surged in Thailand as convenience stores reduced operating hours due to the pandemic.

The initial public offering sold 200 million shares — nearly 29% of outstanding stock — raising about 500 million baht ($14.7 million).