Panicha Dau made an offer to acquire16.85% stake in PSG Corporation Public Company Limited (SET:PSG) for THB 220 million on November 8, 2021. Under the terms Panicha Dau will acquire10,948,438,156 shares for THB 0.02 per share. The Offerees will receive payment for PSG’s net share price within the 3rd business day following the last day of the Offer Period which falls on December 22, 2021. Pre tender offer Panicha Dau held 51,994,000,000 shares, representing 80% stake in PSG Corporation Public Company Limited. Titima, Chaiyod, Adisorn, and Kittishote have issued a letter of intent to confirm to the Tender Offeror that under this Tender Offer, they will sell none of their Newly Issued Ordinary Shares held in the Company in the total amount of 2,050,000,000 shares or 3.15%. Therefore, the total remaining shares of the Company for which the Tender Offeror is obliged to make a tender offer are 10,948,438,156 shares or 16.85% of the total issued and sold shares of the Company and the total voting rights of PSG Corporation Public Company. Tender Offer Period runs for from November 18, 2021 to December 17, 2021. Thanachart Securities Public Limited Company acted as the financial adviser and Chandler MHM Limited acted as legal adviser to PSG Corporation Public Company Limited.