Boontang Techamatawon, Sriprae Techamatavorn, Anchatach Taechamatavorn, Puchong Techamatavorn, Pongpol Techamatavorn, Sasipin Techamatavorn, and Sitthichai Taechamatavorn made a bid to acquire remaining 29.31% stake in Goldfine Manufacturers Public Company Limited (SET:GFM) from As-me ESTELLE CO., LTD. (TSE:7872), Mingchai Piyamanothamkul, Sriveng Pairojkul and others for approximately THB 660 million on June 10, 2014. The buyers will acquire 43.97 million shares at an offer per share of THB 15. The buyers will fund the transaction from commercial banks and investment in mutual funds with a total of THB 745.61 million. The buyers currently hold 106.03 million shares of Goldfine. The tender period for the transaction is from September 1, 2014 to November 3, 2014.

The transaction is subject to approval by Board and shareholders of Goldfine Manufacturers and Stock Exchange of Thailand. As of September 22, 2014, DBS Vickers Securities (Thailand) Co., Ltd. advisor to the buyers and Duangjai Lorlertwit reviewed the total sources of fund which could be liquidated for offer is THB 671 million and is sufficient to make a tender offer. As on July 31, 2014, the shareholders of Goldfine Manufacturers approved the deal. DBS Vickers Securities (Thailand) Co., Ltd. acted as financial advisor to the buyers and Duangjai Lorlertwit and Jirayong Anuman-Rajadhon of JayDee Partners Limited acted as independent financial advisors for Goldfine Manufacturers Public Company Limited. N&A Appraisal Co., Ltd. acted as appraiser for Goldfine Manufacturers. Charin & Associates Limited acted as legal advisor in the deal.

Boontang Techamatawon, Sriprae Techamatavorn, Anchatach Taechamatavorn, Puchong Techamatavorn, Pongpol Techamatavorn, Sasipin Techamatavorn, and Sitthichai Taechamatavorn completed the acquisition of 16.56% stake in Goldfine Manufacturers Public Company Limited (SET:GFM) for approximately THB 370 million November 3, 2014. As on November 3, 2014, the buyers acquired 24.8 million shares of Goldfine Manufacturers.