JKN Global Media Public Company Limited (SET:JKN) agreed to acquire JKN Global Living Network Co., Ltd. from Jakkaphong Jakrajutatip, Pimauma Jakrajutatip and Pitsamai Likhitumnouy for THB 49 million on October 26, 2020. The consideration will be paid in cash on the date of completion. Jakkaphong Jakrajutatip will sell 0.7 million shares, Pimauma Jakrajutatip will sell 0.2 million shares and Pitsamai Likhitumnouy will sell 0.1 million shares. Post completion, JKN Global Media holds 100% stake in JKN Global Living network and which in turn hold 99% stake in JKN health and beauty, JKN consumer, JKN Meewoy, JKN To Fit Food and JKN Genuis family. JKN Global Media will use its cash flows from operating activities and/or source of funds from financial institutions to fund the transaction. As of August 31, 2020, JKN Global Living Network had total assets of THB 76. 2 million and net assets of THB 71.25 million, whereas for year ended December 31, 2019, JKN Global Living Network had revenue of THB 0.13 million and net loss of THB 0.02 million. Transaction is subject to financial statements of JKN Global Living for the year 2020 ended December 31, 2020 being audited by a certified public accountant approved by the Office of the Securities and Exchange Commission and such auditor must provide an unqualified opinion on such financial statements, whereby in the financial statements of the JKN Global Living Group, the auditor offered an unqualified opinion that the financial statements were correct, and the 2020 annual financial statements of JKN Global Media Public Company was expected to be available by February 2021; and JKN Global Living must have no accounts payable and/or receivable and/or outstanding loans with any other related companies, except those trade accounts payable and/or receivable in the ordinary course of its business under the usual credit term. Board of JKN Global Media Public Company passed the resolutions to grant approval for the transaction. The transaction is expected to close in second quarter of 2021.