Pete Bodharamik made a tender offer to acquire Jasmine Telecom Systems Public Company Limited (SET:JTS) from Jasmine International Public Company Limited (SET:JAS), Aces Regional Services Co., Ltd., T.J.P. Engineering Co., Ltd. and others for THB 1.1 billion on September 23, 2016. Under the terms of the transaction, Pete will acquire 706.5 million shares of THB 1.5 per share. The date for official submission of tender offer is September 29, 2016 or the specified waiving period granted by the SEC. Pete Bodharamik shall submit the tender offer by October 5, 2016. Pete Bodharamik has no intention to delist Jasmine Telecom from the Stock Exchange of Thailand. The offer will commence on October 6, 2016 and expire on November 10, 2016. As of October 5, 2016, the tender offer had been submitted by Pete Bodharamik. The tender offer period is a total of 25 business days, beginning on 29 September, 2016 and ending on 3 November, 2016. The transaction will not have ny effect on the Board or shareholding structure. The Board unanimously agree that shareholders of the company should accept the tender offer. The financial advisor is of the opinion that the offering price at THB 1.50 per share is suitable.

The Siam Commercial Bank Public Company Limited acted as the tender offer preparer. Weerawong, Chinnavat & Peangpanor Ltd. acted as the legal advisor in the transaction. OptAsia Capital Co., Ltd. acted as financial advisor to Jasmine.