Nant Kitayanutkul made an offer to acquire remaining 48.57% stake in Ubis (Asia) Public Company Limited (SET:UBIS) from Pichai Sthavornmanee and others for approximately THB 780 million on August 25, 2021. Under the terms offer is made to acquire 110.7 million shares at THB 7 per share. Pre acquisition Nant Kitayanutkul holds 51.43% stake in Ubis (Asia) Public Company Limited. Nant Kitayanutkul has deposited sufficient cash to fund the transaction. Nant Kitayanutkul has no intention to delist Ubis (Asia) Public Company Limited. The official submission of the tender offer will be September 8, 2021. It is agreed that if the Tender Offer is not launched on or before September 30, 2021, Letter will be automatically terminated. Offer period will end on October 14, 2021. Discover Management Company Limited acted as tender offer preparer. Globlex Securities acted as tender offer agent for the offeror. Grant Thornton Services Limited acted as financial advisor for independent shareholders of Ubis.