The Steel Public Company Limited (SET:THE) agreed to acquire additional 30% stake in The Steel Industry Co.,Ltd. from Somsak Wongsirisup and Sudarat Wongsirisup for THB 15.9 million on May 31, 2017. The Steel Public Company will acquire 0.15 million shares at THB 106 per share. Somsak Wongsirisup will sell 29.9998% stake as part of the deal and Sudarat Wongsirisup will sell 0.0002% stake. For the period ending December 31, 2016, The Steel Industry Co.,Ltd. reported total assets of THB 313.59 million, net assets of THB 53.22 million and net loss of THB 5.67 million. Board of The Steel Public Company Limited approved the deal. Somsak Wongsirisup will resign from the post of Director of The Steel Industry Co.,Ltd. while Boonchai Jirapongtrakul will retain his post. The Steel Public Company Limited (SET:THE) completed the acquisition of an additional 30% stake in The Steel Industry Co.,Ltd. from Somsak Wongsirisup and Sudarat Wongsirisup on May 31, 2017. Upon completion, The Steel Public Company Limited will hold 99.9% stake in The Steel Industry Co.,Ltd.