Nation Group (Thailand) Public Company Limited (SET:NATION) signed Memorandum on Transaction to acquire 99.99% stake in Nation News Co., Ltd. from Nation Broadcasting Corporation Public Company Limited (SET:NBC) for THB 290 million on October 17, 2022. The Nation Broadcasting Corporation Public Company Limited anticipates that the Share Sale and Purchase Agreement will be signed and executed by October 25, 2022 and the Nation Broadcasting Corporation Public Company Limited expects that the Disposal of the Investment in the Nation News Co., Ltd. will be completed within December 31, 2022.