Saha Pathana Inter-Holding Public Company Limited (SET:SPI) made an offer to acquire remaining 33.25257% stake in Thanulux Public Company Limited (SET:TNL) from I.C.C. International Public Company Limited, Ramasorn Thaveekarn Co., Ltd., Watsadoramai Co., Ltd., Sirina Pavarolarvidya and others for approximately THB 840 million on May 18, 2022. As per the transaction, Saha Pathana Inter-Holding Public Company Limited will acquire 39,903,080 shares at THB 21.1 per share. As of June 28, 2022, The offer is open for acceptance from May 30, 2022 to July 4, 2022. The offer is open for acceptance from May 30, 2022 to June 27, 2022. Kudun and Partner Co., Ltd. acted as legal advisor to Saha Pathana Inter-Holding Public Company Limited. Advisory Plus Company Limited acted as financial advisor for Thanulux Public Company Limited.

Saha Pathana Inter-Holding Public Company Limited (SET:SPI) completed the acquisition of 5.95% stake in Thanulux Public Company Limited (SET:TNL) from I.C.C. International Public Company Limited, Ramasorn Thaveekarn Co., Ltd., Watsadoramai Co., Ltd., Sirina Pavarolarvidya and others for approximately THB 150 million on July 4, 2022.