NauticAWT Limited (Catalist:42D) entered into a share purchase agreement to acquire 35% interest in Chokdee Dimsum Corporation Company Limited from Kritsada Tunpow for THB 70 million on December 18, 2019. Kritsada Tunpow will sell 0.7 million shares. The consideration will include THB 21 million representing 30% of the purchase consideration to be paid within three business days after the signing of the agreement and THB 49 million representing 70% of the purchase consideration to be paid not less than five business days prior to completion date. The purchase consideration will be funded by the proceeds of SGD 4.5 million (approximately THB 100 million) from the subscription agreement announced on 10 July 2019. The Rich Restaurant Company reported net loss of $4.4 million (approximately THB 130 million) in year 2018. The deal is subject to governmental authority approval, all corporate approvals and consents from board of directors, shareholders, or the Singapore Exchange (SGX). The approvals have been duly received. The deal is expected to close on January 31, 2020.

NauticAWT Limited (Catalist:42D) completed the acquisition of 35% interest in Chokdee Dimsum Corporation Company Limited from Kritsada Tunpow on January 10, 2020.