Energy Earth Public Company Limited (SET:EARTH-R) agreed to acquire Pt. Belayan Abadi Prima Coal from Amrianto, Kamsiah, Endang Akhmad Yani, Agustina and Nurhayati for THB 2.6 billion in stock on October 27, 2015. Under the terms of the agreement, Energy Earth Public Company will acquire 2000 shares of Belayan Abadi and will issue 527.83 million shares as consideration. Energy Earth Public will issue 105.57 million shares to each shareholders of Belayan Abadi. Post transaction Energy Earth Public Company Limited will hold 100% stake in Pt. Belayan Abadi Prima Coal.

Pt. Belayan Abadi Prima Coal reported total revenues of THB 0, net loss of THB 0.83 million, total assets of THB 3.95 million and negative shareholders' equity of THB 34.3 million for the year ended December 31, 2014. The transaction is subjected to approval of shareholders of Energy Earth Public Company Limited. The transaction was approved by Board of Directors of Energy Earth Public Company. The transaction was approved by the shareholders of Energy Earth Public Company on November 30, 2015. The transaction is expected to close by December, 2015.

Energy Earth Public Company Limited (SET:EARTH-R) completed the acquisition of Pt. Belayan Abadi Prima Coal from Amrianto, Kamsiah, Endang Akhmad Yani, Agustina and Nurhayati on December 17, 2015.