Thai Beverage Public Company Limited (SGX:Y92) made an offer to acquire 20.341227% stake in Oishi Group Public Company Limited (SET:OISHI) for THB 4.5 billion from the group of shareholders on March 10, 2023. The offer per share is THB 59. The deal will be financed through internal funds.

The deal is subject to approval from Oishi Group Public Company Limited (SET:OISHI) shareholders. As of May 3, 2023, Oishi Group shareholders approved the transaction. Kiatnakin Phatra Securities Public Company Limited acted as financial advisor to Thai Beverage Public Company Limited (SGX:Y92).

As of May 12, 2023, all the conditions for the transaction have been fulfilled. The Offer Period will be a total of 45 business days, from June 15, 2023 to August 21, 2023. Jay Capital Advisory Limited acted as financial advisor to Oishi Group Public Company Limited (SET:OISHI).