Boon-aue Chitthanom, Kanitta Sahak Alekyan, Prachitra Voranavin, Komsahaspob Nuttayakul, Nattapong Seetavorarat, Nancy Chalermkarnchana, Itchasin Suwonnawong and Naruporn Arunpraphan (offerors) made the offer to acquire 38.5% stake in Nation Broadcasting Corporation Public Company Limited (SET:NBC) for approximately THB 560 million on May 24, 2022. The offerors made the offer to acquire 433.38 million shares at THB 1.30 per share. The offerors will make a payment for the tender shares in cash to all shareholders who accept the tender offer by their personal cash. In this regard, the confirmation letters on source of funds for the tender offer of Nattapong Seetavorarat and Boon-aue Chitthanom indicate that there are cash deposit in the bank account combined to THB 502.9 million. Within 12 months from the end of the tender offer period, names of a person may be nominated for appointment as a director and/or independent director as appropriate, depending on the shareholding proportion in the business after the tender offer. In addition, the offerors plan to add new directors of the business. Tender offer period starts from June 8, 2022, till July 15, 2022. As of June 28, 2022, Tender offer period starts from June 8, 2022, till July 12, 2022. Asia Wealth Securities Co., Ltd acted as tender offer preparer while Kudun and Partners Company Limited acted as legal advisor to Nation Broadcasting Corporation Public Company Limited. Advance Capital Services Company Limited appointed as independent financial advisor to Nation Broadcasting Corporation and provided an opinion that shareholders should reject the Tender Offer.