Malee Group Public Company Limited (SET:MALEE) has agreed to acquire Abico Holdings Public Company Limited (SET:ABICO) from Boonyarat family members, Thai NVDR Co., Ltd., Maybank Kim Eng Securities Pte. Ltd. and others on February 25, 2022. The deal is subject to approval from Malee Group Public Company Limited and Abico Holdings Public Company Limited shareholders. As on April 27, 2022, the board of Malee Group Public Company Limited approved the deal. The Board of Directors Meeting of Abico Holding has passed resolutions to approve the transaction. The tender offer will commence on October 28, 2022, close on December 9, 2022. I V Global Securities Public Company Limited acted as financial advisor and fairness opinion provider to Abico Holdings Public Company Limited. KGI Securities (Thailand) Public Co Ltd acted as financial advisor for Malee Group Public Company Limited.

Malee Group Public Company Limited (SET:MALEE) completed the acquisition of 97.73% stake in Abico Holdings Public Company Limited (SET:ABICO) from Boonyarat family members, Thai NVDR Co., Ltd., Maybank Kim Eng Securities Pte. Ltd. and others in Forth quarter of 2022.