Webull Securities (Thailand) Co., Ltd., a subsidiary of Webull Corporation, has completed the acquisition of approximately 99.36% of Pi Securities Public Company Limited for an aggregate consideration of about US$100 million. The deal received official approval from the Securities and Exchange Commission of Thailand (SEC).
The acquisition was executed through share purchase agreements whereby Webull acquired 90.98% of Pi Securities from Country Group Holdings Public Company Limited for roughly US$90 million and an additional 8.38% from another shareholder for US$10 million. This transaction reflects Webull’s confidence in the long-term growth potential of Thailand’s financial markets and Pi Securities’ established presence in equities, derivatives, wealth management, and as a Depositary Receipt issuer.
Webull aims to leverage its advanced investment technology, AI capabilities, and global network alongside Pi Securities’ local expertise to enhance investment services and broaden access to global investment opportunities for Thai investors. The combined entity plans to develop a comprehensive investment ecosystem, expand product offerings, and grow wealth management services.
Initially, both companies will continue operating independently under their respective brands to ensure uninterrupted customer service. Webull also targets a combined Asset Under Management (AUM) of THB 200 billion with Pi Securities, underscoring its ambition for sustainable growth in Thailand’s capital markets.
