Asia Metal Public Company Limited (SET:AMC) agreed to acquire additional 45% stake in Grand Asia Steel Processing Center Co., Ltd. from Virachai Suteerachai for THB 3.2 million on June 17, 2021. As per terms, Asia Metal Public Company Limited will purchase 89,999 shares of Grand Asia Steel Processing Center Co., Ltd. from Virachai Suteerachai who is the Chairman of Asia Metal Plc and also to be a director of Grand Asia Steel Processing Center Co., Ltd. The transaction will be funded from the working capital of Asia Metal Public Company Limited. For the year ending December 31, 2020, total asset, net asset, total income and net income of Grand Asia Steel Processing Center Co., Ltd. was THB 345.97 million, THB 3.8 million, THB 597.05 million and THB 5.56 million respectively. The transaction was approved by the board of Asia Metal Public Company Limited at the 4th meeting of Board of Director in 2021, on June 17, 2021. The transaction is expected to complete in June 2021.