An unknown buyer executed the shares sale and purchase agreement to acquire 99% stake in Erawan Samui Co., Ltd. from The Erawan Group Public Company Limited (SET:ERW) for approximately THB 530 million on October 27, 2021. In a related transaction, Infinity North Samui Co., Ltd. signed an assets sale and purchase agreement to acquire Ibis Samui Bophut Hotel from The Erawan Group Public Company Limited for approximately THB 390 million. An unknown buyer completed the acquisition of 99% stake in Erawan Samui Co., Ltd. from The Erawan Group Public Company Limited (SET:ERW) on November 30, 2021. As per the transaction, all of the conditions precedent specified under the shares sale and purchase agreement are executed.