Khun Tuangphoom Soontaranuwant completed the acquisition of 74% stake in YLP Company Limited from The Brooker Group Public Company Limited for approximately THB 280 million.
August 26, 2020
Share
Khun Tuangphoom Soontaranuwant entered into an agreement to acquire 74% stake in YLP Company Limited from The Brooker Group Public Company Limited (SET:BROOK) on December 30, 2019. Under the terms, The Brooker Group will transfer1.3 million shares and received THB 118.34 million. The closing date will not be later than March 31, 2020. The transaction is expected to close in September 2020
Khun Tuangphoom Soontaranuwant completed the acquisition of 74% stake in YLP Company Limited from The Brooker Group Public Company Limited (SET:BROOK) for approximately THB 280 million on August 27, 2020. On August 14, 2020. Khun Tuangphoom Soontaranuwant expressed interest to acquire YLP Company Limited for finalising share price. Under the terms of the transaction, Khun Tuangphoom Soontaranuwant will acquire 1.3 million shares for THB 222.27 per share. Khun Tuangphoom Soontaranuwant paid approximately THB 8.09 million as initial deposit on December 30, 2019, approximately THB 110 million as second cash deposit on March 31, 2020 and the balance of approximately THB 160 million on closing. After the acquisition Khun Tuangphoom Soontaranuwant holds 100% in YLP Company Limited. YLP reported total assets of THB 1.4 billion, shareholder’s equity of approximately THB 300 million, revenues of approximately THB 380 million and net profit of THB 98 million in the year ending on December 31, 2019. The transaction was approved by the Board of Directors of The Brooker Group on August 11, 2020.
The Brooker Group Public Company Limited is a Thailand-based financial consultancy and capital management company. The Company is primarily engaged in business and financial consulting services, investments, lending money and investment in digital assets. Its segments include Business Consulting, Investments and Digital Assets. The Company offers services, including financial advisory, real estate consultancy and capital management. The Companyâs subsidiaries include Binswanger Brooker (Thailand) Limited, which is engaged in the real estate brokerage and consultancy; Brooker Corporate Advisory Co., Ltd., which is engaged in business consultant; Brooker Business Development Co., Ltd., which is involved in the business of business consultant, and Brooker International Co., Ltd., which is engaged in the business consultant for foreign clients.
Khun Tuangphoom Soontaranuwant completed the acquisition of 74% stake in YLP Company Limited from The Brooker Group Public Company Limited for approximately THB 280 million.