Patarawut Nuntagowat agreed to acquire 99.99% stake in Nation Digital Content Co., Ltd. from Nation Group (Thailand) Public Company Limited (SET:NATION) for THB 11.95 million on November 14, 2022. As part of the transaction, Patarawut Nuntagowat will acquire total of 149.999998 million shares. The consideration of THB 10 million will be paid on completion and the remaining THB 1.95 million will be paid in case Nation Digital receives a refund of withholding taxes from the revenue department within the period and in accordance with the condition in the agreement.

The board of directors of Nation Digital after the transaction will be comprised of Patarawut Nuntagowat, Boonchoo Chaengchit and Siriwat Boonkong. As of September, 2022, Nation Digital reported Total Assets of THB 12.02 million, and Total Shareholder's Equity of THB 11.83 million. The transaction is unanimously approved by the board of Nation Group.

Nation Group expect that the share purchase agreement will be executed within the fourth quarter of 2022 and the transaction is expected to complete in fourth quarter of 2022.