Plan B Media Public Company Limited (SET:PLANB) signed an information memorandum to acquire 19.48% stake in Bangkok Metro Networks Limited from Silasaicrete Limited Partnership and Thaipracha Construction Limited Partnership for approximately THB 260 million on December 20, 2017. Under the terms of the transaction, Plan B Media Public Company Limited will acquire 4.9 million shares at THB 53 per share. The purchase price will be funded from internal cash flows of Plan B Media Public Company Limited. The transaction has been approved by the Board of Directors of Plan B Media Public Company Limited on December 20, 2018. The completion of the transaction is expected to take place within the first quarter of the year 2018.