Akkhie Prakarn Public Company Limited (SET:AKP) agreed to acquire 9.75% stake in Earth Tech Environment Company Limited from Sira Chor. Suisuwan and Thanadol Raksabul for approximately THB 190 million on January 25, 2019. Under the terms, Akkhie Prakarn Public Company Limited will acquire 0.80 million shares in Earth Tech Environment Company Limited for THB 242.24 per share.

Pre-acquisition, Sira Chor. Suisuwan holds 4.88% stake and Thanadol Raksabul holds 4.88% stake in Earth Tech Environment Company Limited. Akkhie Prakarn Public Company Limited shall use its cash flow from business operation to fund the transaction.

Earth Tech Environment Company Limited reported total assets of THB 1.9 billion and shareholders equity of THB 822.04 million as of September 30, 2018. The transaction is approved by the Board of Directors of Akkhie Prakarn Public Company Limited. The transaction is expected to complete within January 2019.