Max Metal Corporation Public Company Limited (SET:MAX) agreed to acquire 4.48% stake in Eastern Power Group Public Company Limited from Suppachai Satitwimon and Planet Energy Holdings Pte. Ltd. for approximately THB 400 million on September 20, 2019. Max Metal Corporation Public Company Limited will acquire 107.55 million shares of Eastern Power Group Public Company Limited at a price of THB 3.7 per share. Max Metal Corporation Public Company Limited will use the funds received from the remaining of capital increase. The transaction is subject to signing of definitive agreement. The transaction is approved by Board of Directors of Max Metal Corporation Public Company Limited. Upon completion, Max Metal Corporation Public Company Limited will hold 6.4% stake in Eastern Power Group Public Company Limited.