T.K.S. Technologies Public Company Limited (SET:TKS) made a voluntary tender offer to acquire remaining 20.3% stake in TBSP Public Company Limited (SET:TBSP) for approximately THB 310 million on August 7, 2019. TKS will pay THB 13.8 per share in cash for 22.3 million shares. Transaction will be funded through credit facility provided by Kasikorn Bank Public Company Limited. T.K.S. Technologies Public Company Limited will maintain the listing of TBSP Public Company Limited on the stock exchange. T.K.S. Technologies Public Company Limited shall cancel the tender offer if at the end of the voluntary tender offer period, the tendered shares are less than 15% of the total issued and paid-up shares of TBSP Public Company Limited. Transaction was resolved by both the companies. The Board of Directors of TBSP Public Company Limited approved the tender offer on August 7, 2019. As of August 29, 2019, offer period will commence from August 27, 2019 to September 23, 2019. As of September 6, 2019, the tender offer period will commence from August 27, 2019 and will last till October 1, 2019. Yuanta Securities (Thailand) Company Limited acted as tender offer preparer and tender offer agent to T.K.S. Technologies Public Company Limited. Kudun and Partner Co., Ltd. acted as legal advisor to T.K.S. Technologies Public Company Limited. Avantgarde Capital Company Limited acted as financial advisor for TBSP Public Company. Yuanta Securities Company Limited acted as tender offer agent in the transaction.

T.K.S. Technologies Public Company Limited (SET:TKS) cancelled the voluntary tender offer to acquire the remaining 20.3% stake in TBSP Public Company Limited (SET:TBSP) August 7, 2020.