Prima Marine Public Company Limited (SET:PRM) agreed to acquire 30% stake in Big Sea Company Limited from TWATT Limited for THB 1.5 billion on March 22, 2018. Prima Marine Public Company Limited will acquire 0.11 million shares. Prima Marine Public Company Limited will sign a sale purchase agreement for the acquisition on April 4, 2018. In a related transaction, Prima Marine Public Company Limited agreed to acquire 70% stake in Big Sea Company Limited from TWT Company Limited. Prima Marine Public Company Limited will use cash flows as the source of funds for the acquisition. As of December 31, 2017, Big Sea Company Limited reported total assets of THB 1.4 billion and total common equity of THB 568 million. For the year ended December 31, 2017, Big Sea Company Limited had net profit of THB 110 million and revenue from services of THB 596 million. The transaction is subject to obtaining prior consents from relevant charterers, commercial banks and some of the insurance companies and repayment of loan between Big Sea Company Limited and its director. The board of Prima Marine Public Company Limited approved the transaction. In case Big Sea Company Limited's business operation during the period of 2018 to 2020 is not satisfied with the terms of the conditions of the agreement, Prima Marine Public Company Limited will have the option to purchase or deny the acquisition. As of August 13, 2019, the deal was partially completed with 10% equivalent to 0.036 million shares acquisition. As of April1, 2021, the remaining 20% of the deal was completed by acquiring 0.0072 million shares. The transaction is expected to complete within the second quarter of 2021. Kom Vachiravarakarn of Kudun and Partners acted as legal advisor to Prima Marine. Prima Marine Public Company Limited (SET:PRM) completed the acquisition of remaining 30% stake in Big Sea Company Limited from TWATT Limited on April 1, 2021.