Prize of Wood Holdings Co., Ltd. made an offer to acquire the remaining 66.7% stake in SAFE Energy Holdings Company Limited from Fortune Parts Industry Public Company Limited (SET:FPI) and ECF Power Co.,Ltd. for approximately THB 470 million on October 9, 2020. All the parties have entered into the agreement on December 22, 2020. As per terms, Prize of Wood Holdings Co., Ltd. will acquire approximately 1.94 million shares for THB 233.88 million from each seller. As per terms of the consideration, THB 5 million paid as a deposit on September 30, 2020, THB 30 million paid on October 10, 2020, THB 25 million paid on October 31, 2020, THB 27.76 million paid on November 30, 2020 and December 7, 2020 and the remaining THB 380 million will be paid within December 30, 2020. Upon completion, Prize of Wood Holdings Co., Ltd. will hold 100% stake in SAFE Energy Holdings Company Limited. As of March 31, 2020, SAFE Energy Holdings Company Limited reported total assets of THB 996.7 million and net assets of THB 703.8 million. The transaction is approved by the board of directors of both sellers. Net proceeds from the disposal will be used as the working capital for operating the business, to enhance the liquidity of the business of furniture manufacturer at present, and will be the part of an investment fund for the current project of energy business.