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Applied DB Public Company Limited (ADB) announced the closing of a joint venture deal with AICA ASIA PACIFIC HOLDING PTE. LTD., a subsidiary of AICA KOGYO CO., LTD., which acquired 51% of ADB Sealan Company Limited for 360 million baht.
AICA Asia Pacific Holding Pte. Ltd. (AAPH) signed an agreement to purchase a 51% stake in ADB Sealant Co., Ltd. (ADBS), a subsidiary of Applied DB Public Company Limited. The acquisition increases ADBS's registered capital to 645.09 million baht.