Nippon Steel Corporation (TSE:5401) made an offer to acquire G J Steel Public Company Limited (SET:GJS) for THB15 billion on January 21, 2022. In similar transaction Nippon Steel Corporation (TSE:5401) made an Intention to Tender Offer to acquire G Steel Public Company Limited from group of shareholders for THB 7.8 billion on February 10, 2022. The source of fund to finance this Tender Offer shall originate from internal cash flow of the Offeror. After the completion of the Tender Offer NSC has not made any decision to delist the GJS securities from the SET during the 12 months. The Tender Offer period will last a total of 25 business days from February 23, 2022 to March 29, 2022.

Nippon Steel Corporation (TSE:5401) completed the acquisition of 7.7% stake in G J Steel Public Company Limited (SET:GJS) on March 29, 2022.