Nathalin Company Limited agreed to acquire an additional 3.33% stake in Khunnathee Company Limited from Sea Oil Public Company Limited (SET:SEAOIL) for THB 17.5 million on March 26, 2017. Under the terms, Nathalin Company Limited will acquire 0.13 million shares at THB 131.50 per share. Nathalin Company Limited currently holds 43.78% stake in Khunnathee Company Limited and will hold 47.1% stake upon completion. For the year ended December 31, 2016, Khunnathee Company Limited reported revenues of THB 304.4 million and net loss of THB 576.8 million. As of December 31, 2016, Khunnathee Company Limited reported total assets of THB 189.4 million and net liabilities of THB 71.9 million. The transaction was approved by the Board of Sea Oil Public Company Limited on March 26, 2017 and is expected to complete within the second quarter of 2017. Sea Oil Public Company Limited will use the proceeds of the sale as company's operating cash flow. Nathalin Company Limited completed the acquisition of additional 3.33% stake in Khunnathee Company Limited from Sea Oil Public Company Limited (SET:SEAOIL) on March 31, 2017.