Saha Pathana Inter-Holding Public Company Limited completed the acquisition of 5.95% stake in Thanulux Public Company Limited from I.C.C. International Public Company Limited, Ramasorn Thaveekarn Co., Ltd., Watsadoramai Co., Ltd., Sirina Pavarolarvidya and others for approximately THB 150 million.
July 04, 2022
Share
Saha Pathana Inter-Holding Public Company Limited (SET:SPI) made an offer to acquire remaining 33.25257% stake in Thanulux Public Company Limited (SET:TNL) from I.C.C. International Public Company Limited, Ramasorn Thaveekarn Co., Ltd., Watsadoramai Co., Ltd., Sirina Pavarolarvidya and others for approximately THB 840 million on May 18, 2022. As per the transaction, Saha Pathana Inter-Holding Public Company Limited will acquire 39,903,080 shares at THB 21.1 per share. As of June 28, 2022, The offer is open for acceptance from May 30, 2022 to July 4, 2022. The offer is open for acceptance from May 30, 2022 to June 27, 2022. Kudun and Partner Co., Ltd. acted as legal advisor to Saha Pathana Inter-Holding Public Company Limited. Advisory Plus Company Limited acted as financial advisor for Thanulux Public Company Limited.
Saha Pathana Inter-Holding Public Company Limited (SET:SPI) completed the acquisition of 5.95% stake in Thanulux Public Company Limited (SET:TNL) from I.C.C. International Public Company Limited, Ramasorn Thaveekarn Co., Ltd., Watsadoramai Co., Ltd., Sirina Pavarolarvidya and others for approximately THB 150 million on July 4, 2022.
Thanulux Public Company Limited is a Thailand-based company that is principally engaged in manufacturing and distributing apparel. The Company operates through four segments: Textiles and apparels business, Secured lending business, Assets management business and Real estate development business. Its Textile and apparel business are conducted, through its subsidiary, TNLX Co., Ltd, which is a manufacturer and distributor of finished garments and leather goods for men, women and children under licensed international trademarks, such as ARROW, Guy Laroche, DAKS, ELLE HOMME, Olymp, and Absorba. Its Secured lending business consists of providing customized financial solutions. Its Assets management business includes Oxygen Asset Management Co., Ltd. that operates in the field of collateralized non-performing loans (NPLs) and non-performing assets. The Company operates Real estate development business through TNL Alliance Co., Ltd, a residential real estate development-for-sale business.
Saha Pathana Inter-Holding Public Company Limited completed the acquisition of 5.95% stake in Thanulux Public Company Limited from I.C.C. International Public Company Limited, Ramasorn Thaveekarn Co., Ltd., Watsadoramai Co., Ltd., Sirina Pavarolarvidya and others for approximately THB 150 million.