CentralWorld Company Limited signed a memorandum of understanding to acquire 21.8% stake in Siam Future Development Public Company Limited (SET:SF) from Oranop Jantaraprapa, Pongkit Suttapong, Nopporn Witoonchart and Somnuk Pojkasemsin for THB 5.6 billion on July 27, 2021. Under the terms of transaction, Central Pattana Public Company Limited will purchase 464.622 million shares at a purchase price of THB 12 per share. The share purchase agreement is expected to signed on August 4, 2021. CentralWorld Company Limited signed a share sale and purchase agreement to acquire 21.8% stake in Siam Future Development Public Company Limited (SET:SF) from Oranop Jantaraprapa, Pongkit Suttapong, Nopporn Witoonchart and Somnuk Pojkasemsin on August 25, 2021. Post completion, CPN will hold 1156.270888 million shares representing 54.24% stake, Lucky Securities will hold 172.393639 million shares representing 8.09% stake, Suthilaksh Chirathivat will hold 93.82872 million shares representing 4.4% stake, Thai NVDR Co., Ltd. will hold 46.997541 million shares representing 2.2% stake, MORGAN STANLEY & CO. INTERNATIONAL PLC will hold 70.8 million shares representing 3.32% stake in Siam Future Development Public Company Limited. Transaction is subject purchaser has obtained the necessary waiver or permission from the Stock Exchange of Thailand, the satisfaction in the due diligence results of the group companies affiliated with SF by CentralWorld Company Limited and other conditions. Transaction is expected to complete on August 30, 2021. CentralWorld Company Limited completed the acquisition of 21.8% stake in Siam Future Development Public Company Limited (SET:SF) from Oranop Jantaraprapa, Pongkit Suttapong, Nopporn Witoonchart and Somnuk Pojkasemsin on August 30, 2021. Post completion, CentralWorld Company Limited holds 52.15% stake and Central Pattana Public Company holds 4.11% stake in SF. Therefore, Central World is required to make a tender offer for the remaining shares in SF with the amount of 932,550,343shares (equal to 43.74% of the total issued and outstanding shares of SF) at the same price as that of the purchase price of THB 12 per share. After the tender offer, CentralWorld Company Limited has a planto delist SF from being a listed company in the SET.