Asphere to Buy 9.2% Stake in Thailand’s Biggest Crypto Exchange

Asphere Innovations Pcl, an online entertainment services provider, agrees to buy 9.2% stake in Bitkub Online Co., Thailand’s biggest crypto exchange for 600 million baht.

• Asphere’s board approved the purchase at a meeting on Friday, company says in exchange filing
• Asphere to acquire 414,900 shares in the bourse, known as Bitkub Exchange, from Bitkub Capital Group Holdings Co.
• Transaction to be completed by July 31
• Asphere to fund the purchase from company’s internal operating cash flow and/or loans from financial institutions or other parties
• The benefits of the acquisition include increase in sources of income and opportunities to ...