Ratch Group Public Company Limited (SET:RATCH) signed a share purchase agreement to acquire 5.75% stake in Sahacogen (Chonburi) Public Company Limited (SET:SCG) from I.C.C. International Public Company Limited (SET:ICC) for THB 320 million on October 28, 2021. As per terms Ratch Group shall acquire 54.9 million shares from I.C.C. International Public Company at THB 5.75 per share. In related transaction, Ratch Group shall acquire 34.54% stake from other 33 shareholders, subscribe for additional new shares so as to increase the total stake to 51% and then make a tender offer to acquire remaining 49% stake in Sahacogen (Chonburi) Public Company Limited. The transaction is approved by the board of Ratch Group and does not require approval from the shareholders. The transaction is approved unanimously by the board of I.C.C. International Public Company. The transaction is expected to complete within 2021.

Ratch Group Public Company Limited (SET:RATCH) completed the acquisition of 5.75% stake in Sahacogen (Chonburi) Public Company Limited (SET:SCG) from I.C.C. International Public Company Limited (SET:ICC) on December 13, 2021.