Asset Bright Public Company Limited (SET:ABC) signed memorandum of understanding to acquire Lanna International School Thailand from High Standard International Consultant Co., Ltd. for approximately THB 150 million on January 8, 2016. As of March 2, 2016, Asset Bright conducted private placement of its shares to raise THB 20 million to fund the deal. The Executive Board of Asset Bright Public Company approved the deal. The deal is subject to Asset Bright Public Company's Board approval which is expected by about 2 months after the signing of the memorandum of understanding. Digital Tech Planet Public Company Limited (SET:DIGI) cancelled the acquisition of Lanna International School Thailand from High Standard International Consultant Co., Ltd. on January 8, 2017.