BG Container Glass Public Company Limited (SET:BGC) agreed to acquire 26% stake in B S Glass Recycling Company Limited from Bunyapotikul Company Limited and Sunanta Bunyaphothikul for THB 35 million on August 9, 2019. BG Container Glass signed the sale and purchase agreement on September 26, 2019. THB 3.5 million will be paid on signing of the agreement and THB 31.5 million will be paid within closing date. BG Container Glass will acquire 52,000 shares. To fund the transaction, BG Container Glass will loan from local financial institution, which it anticipates will not affect the shareholder rights. After the transaction, Jhintana Jantalert and Sirikul Mangkornkanok will be appointed as directors in place of Sunanta Bunyaphothikul and Arunrat Sornphlaeng. On August 9, 2019, the Board of Directors of BG Container Glass approved the transaction. The transaction is expected to complete on October 31, 2019.