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 11, 2014. The buyers are offering THB 15 per share. The buyers will fund the transaction from commercial banks and investment in mutual funds total of Baht 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 offeree is able to cancel their acceptance of the tender offer starting from September 1, 2014 to September 26, 2014.

The transaction is subject to approval by Board and shareholders of Goldfine Manufacturers and by Stock Exchange of Thailand and is expected to close by August 29, 2014. As of September 22, 2014, DBS Vickers Securities (Thailand) Co., Ltd. advisor to the buyers and Duangjai Lorlertwit reviewed considered, total source of fund which could be liquidate for offer is THB 671 million is sufficient to make a tender offer. As of November 13, 2014, Goldfine Manufacturers Public Company Limited asked for voluntary delisting, securities will remain trading until November 19, 2014 and November 20, 2014 will formally be delisted.

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.