Noble Development Public Company Limited (SET:NOBLE) entered into a memorandum of understanding to acquire a 20% stake in SWP Asset Management Co., Ltd. from Srisawad Corporation Public Company Limited (SET:SAWAD) for approximately THB 300 million on November 12, 2020. Noble Development Public Company Limited entered into the Share Purchase Agreement to acquire a 20% stake in SWP Asset Management Co., Ltd. from Srisawad Corporation Public Company Limited (SET:SAWAD) on February 22, 2021. Under the agreement, NOBLE will acquire 1.5 million shares of SWP Asset Management Co., Ltd. from SAWAD. NOBLE expects to sign relevant agreements after the completion of further due diligence and receipt of approval of SAWAD shareholders. Transaction has been approved by board of directors of NOBLE. As of February 17, 2021, transaction has been approved shareholders of SAWAD. Transaction is expected to complete within January 2021.

Noble Development Public Company Limited (SET:NOBLE) completed the acquisition of a 20% stake in SWP Asset Management Co., Ltd. from Srisawad Corporation Public Company Limited (SET:SAWAD) on February 22, 2021.