JKN Global Media Public Company Limited (SET:JKN), Jakkaphong Jakrajutatip and Pimauma Jakrajutatip agreed to acquire DN Broadcast Company Limited from group of shareholders for THB 2.4 billion on April 2, 2021. JKN Global Media Public Company Limited (SET:JKN), Jakkaphong Jakrajutatip and Pimauma Jakrajutatip signed a share purchase agreement to acquire DN Broadcast Company Limited from group of shareholders for THB 2.4 billion on April 9, 2021. As per the transaction, JKN Global Media Public Company Limited acquired 98.98%, Jakkaphong Jakrajutatip acquired 0.01% and Pimauma Jakrajutatip acquired 0.01% of DN Broadcast Company Limited. Group of sellers include Parameth Hetrakul, Parawadee Hetrakul, Panuchai Hetrakul Srinualnad, Prapa Hetrakul Srinualnad, Wiranee Hetrakul Srinualnad, Prapai Hetrakul, Pisit Hetrakul, Chaninthorn Hetrakul and Suparerk Hetrakul. Under the terms of transaction, JKN Global Media has purchased all of DN’s shares from DN’s existing shareholders, amounting to 50 million shares with the total value of THB 5 million and accept the transfer of loans with interest repayment claims under the promissory note, which DN issued to Sang Kij Roong Company Limited, amounting to THB 2.381 billion from Sang Kij Roong Company Limited. On the Date of Entering into the agreement, JKN Global Media will pay compensation for such transfer of claims, amounting to THB 1.055 billion. JKN Global Media will use its operating cash flow as the source of funds, with the amount of approximately THB 410 million and will use cash from long term loan from financial institution, at the amount of THB 450 million and payment on installment to the Group of Existing Shareholders of DN, at the amount of THB 200 million, for 3 years, for this Investment. As of December 31, 2020, DN Broadcast reported total assets of THB 499 million, total income of THB 197.197 million and net loss of THB 238.076 million. As on April 2, 2021, The transaction is approved by Board of Directors of JKN Global Media Public Company Limited. JKN Global Media Public Company Limited (SET:JKN), Jakkaphong Jakrajutatip and Pimauma Jakrajutatip completed the acquisition of acquire DN Broadcast Company Limited from group of shareholders on April 9, 2021.