Megachem (Thailand) Public Company Limited (SET:MGT) agreed to acquire 55% Stake in Green Leaf Chemical Co., Ltd. from Folium Co., Ltd. and Hatsaya Thienthond and Pranee Suecharoenkji for approximately THB 150 million on September 15, 2021. Megachem will acquire 2.145 million shares representing 55% Stake in Green Leaf Chemical for THB 150 million. As of September 16, 2021, Megachem agreed to acquire 55% Stake in Green Leaf Chemical Co., Ltd. from Folium Co., Ltd. and Hatsaya Thienthond and Pranee Suecharoenkji for THB 82.5 million. Folium Co., Ltd. and Hatsaya Thienthond and Pranee Suecharoenkji each currently holds 33.33% stake (1.3 million shares) in Green Leaf Chemical. Upon closing, Megachem (Thailand) Public Company Limited will hold 55% stake (2.145 million shares), Folium Co., Ltd will hold 20% stake (0.78 million shares) and Pranee Suecharoenkjiwill hold 25% stake (0.975 million shares) in Green Leaf Chemical Co., Ltd. The transaction will be financed with working capital of Megachem. Green Leaf Chemical will become subsidiary of Megachem. For the year ended 2020, Green Leaf Chemical reported total assets of THB 151.21 million, total common equity of THB 75.36 million, Revenue of THB 164.25 million and net profit of THB 12.96 million. Upon closing, Board of Directors of Green Leaf Chemical consists of 5 directors which are: Vitthaya lnala, Varit lnala, Busaraporn Prathoomrat, Miss Pranee Suecharoenkij and Miss Warin Thititamcharoen. The transaction has been approved by the board of Megachem (Thailand) Public Company Limited. In addition, the Board of Directors Meeting also approved to appoint Chief Executive Officer or other person authorized by the Chief Executive Officer to have the power to execute the agreement and carry out any action related and/or connected to the purchasing of the shares of GLC according to the scope of investment conditions approved by the Board of Directors' Meeting. The transaction shares is expected to be completed within 30 days from the date of board approval. Grant Thornton Services Ltd. acted as financial advisor for Megachem.