Kasikorn vision Company Ltd. entered into conditional sale and purchase agreement to acquire an additional 30% stake in PT Bank Maspion Indonesia Tbk (IDX:BMAS) from PT Alim Investindo, PT. Maspion, PT Husin Investama, PT Maspion Investindo and five individual shareholders on April 13, 2020. Under the terms of the transaction, Kasikorn vision Company Ltd. will acquire 13.6% stake from PT Alim Investindo; 7.1% stake from PT. Maspion; 2.8% stake from PT Husin Investama; 2.5% stake from PT Maspion Investindo and 4.1% stake from five individual shareholders. The transaction is subject to approval by Indonesia's financial business supervisory agency, Otoritas Jasa Keuangan (OJK). The transaction has been approved by the Bank of Thailand. The transaction should be finalized mid this year. BNP Paribas acted as financial advisor to PT Alim Investindo. As

KASIKORN VISION Company Limited completed the acquisition of additional 30.1% stake in PT Bank Maspion Indonesia Tbk (IDX:BMAS) from group of sellers on October 28, 2022.