Kharu Kunawuthakul and Win Suteerachai agreed to acquire 40% stake in Precision Perfect Pipe Co., Ltd. from The Steel Public Company Limited (SET:THE-R) for THB 30 million.

Kharu Kunawuthakul and Win Suteerachai agreed to acquire 40% stake in Precision Perfect Pipe Co., Ltd. from The Steel Public Company Limited (SET:THE-R) for THB 30 million on February 27, 2015. Kharu will acquire 0.24 million shares and Win will acquire 0.16 million shares for THB 75 per share. Win Suteerachai already owns 0.35 million shares and pursuant to closing of transaction, will own 0.51 million shares, representing 51% stake.

For the year ending December 31, 2014, Precision Perfect reported total assets of THB 317.83 million, net liabilities of THB 28.64 million, and net loss of THB 41.62 million. The transaction is expected to close within March 2015.