Karrie Automotive Investment Limited made a bid to acquire remaining 61.0069% stake in T.Krungthai Industries Public Company Limited (SET:TKT) for approximately THB 430 million on October 18, 2022. The offer per share is THB 1.99. The tender offer period of 25 business days was from October 21, 2022 to November 25, 2022.

Karrie Automotive Investment Limited shall fund the tender offer with cash. Avantgarde Capital Company Limited to act as the Independent Financial Advisor to T.Krungthai Industries Public Company Limited. I V Global Securities Public Company Limited act as tender offer agent to Karrie Automotive Investment Limited and Siam Premier International Law Office Limited acted as legal advisor.