Prasit Kanchanasakdichai agreed to acquire additional 99.9% in TIW Industry Co., Ltd from Nova Empire Public Company Limited (SET:NOVA) for THB 20 million on March 10, 2021. As per terms, 3.9 million shares will be acquired in cash. Currently Prasit Kanchanasakdichai holds 1 share in TIW Industry. For the year ended December 31, 2020, TIW Industry Co., Ltd reported total assets of TWD 572 million, revenues of TWD 395.5 million, net loss of TWD 18.3 million and net assets of TWD 5.7 million. The deal is subject to approval from shareholders of Nova Empire Public. The Board of Nova Empire Public approved the deal. The deal is expected to close in second quarter of 2021. The proceeds will be used in working capital. Pioneer Advisory Company Limited acted as financial advisor for Nova Empire Public.