Inter Pharma Public Company Limited (SET:IP) agreed to acquire 70% stake in Metta Medtech Company Limited from Sittisak Phanitpotchaman for THB 130 million on February 29, 2024. The company will use the source of funds received from the capital increase to Private Placement. As of February 23, 2024, the book value of Metta Medtech is THB 68.37 million.

The board of directors of Inter Pharma approved the transaction. The transaction is expected to close within Quarter 1of 2024.