SCG Decor Company Limited made an offer to acquire remaining 17.25038% stake in SCG Ceramics Public Company Limited (SET:COTTO) from Thai NVDR Co., Ltd. and others for THB 2.5 billion on March 29, 2023. The consideration will be satisfied with SCG Decor new shares. The shareholders will get amount equivalent to THB 2.4 per share. Upon successful completion, COTTO will proceed with the delisting of its shares from being listed securities. In order to make SCG Decor a single flagship company listed on the SET. Transaction is subject to COTTO shareholders approval. SCG Decor board has approved the transaction. Bualuang Securities Public Company Limited acted as a financial advisor, and Discover Management Company Limited acted as a independent financial advisor and will provide fairness opinion to SCG Decor.

SCG Decor Company Limited completed the acquisition of an additional 16.36% stake in SCG Ceramics Public Company Limited (SET:COTTO) from Thai NVDR Co., Ltd. and others for THB 2.3 billion on December 13, 2023.