MFC Asset Management Public Company Limited (SET:MFC) entered into a share purchase agreement to acquire 4.85% stake in Interlink Telecom Public Company Limited (SET:ITEL) from Interlink Communication Public Company Limited (SET:ILINK) for approximately THB 210 million on July 7, 2021. As per the terms of the transaction, MFC Asset Management Public Company Limited shall acquire 50 million shares in Interlink Telecom Public Company Limited at THB 4.1 per share. Prior to the transaction, Interlink Communication Public Company Limited held 60.31% stake and after the transaction, Interlink Communication Public Company Limited will hold 55.46% stake in Interlink Telecom Public Company Limited. The transaction was approved by the Board of Directors of Interlink Communication Public Company Limited. The transaction is expected to close within July 8, 2021. The proceeds received from the disposed shares of Interlink Telecom Public Company Limited shall be used to increase liquidity of Interlink Communication Public Company Limited.

MFC Asset Management Public Company Limited (SET:MFC) completed the acquisition of 4.85% stake in Interlink Telecom Public Company Limited (SET:ITEL) from Interlink Communication Public Company Limited (SET:ILINK) on July 8, 2021.