Loxley Public Company Limited (SET:LOXLEY) agreed to acquire additional 23.7% stake in Loxley Property Development Co., Ltd. from Ekpavee Company Limited for THB 74.4 million on December 17, 2015. Loxley Public Company Limited will acquire 0.47 million shares at the price of THB 157 per share. The transaction will be funded from the working capital of Loxley Public Company.

Post transaction, Loxley Public Company will hold 90.11% stake in Loxley Property Development. The transaction was approved by the Board of Loxley Public Company on December 17, 2015. The transaction is subject to disposal of investment in Cholakijsakol Co., Ltd.