Jirawud Kuvanant made an offer to acquire remaining 58.58% stake in Digital Tech Planet Public Digital Tech Planet Limited (SET:DIGI) for approximately THB 190 million on January 15, 2019. Jirawud Kuvanant made the offer to acquire 925.7 million shares at THB 0.21 per share and 887.6 million warrants at THB 0.01 per warrant. In addition, Jirawud Kuvanant will not exercise the right to purchase ordinary shares in accordance with warrants during this tender offer but on June 30, 2019. Jirawud Kuvanant currently held 654.64 million shares (41.42%) of Digital Tech Planet Public Digital Tech Planet. The transaction will be funded from own funds. As per the revised offer document dated February 7, 2019, the transaction will be funded from a credit line of Siam Commercial Bank Public Digital Tech Planet Limited with an amount of THB 204 million. Before disbursement, Jirawud Kuvanant must have a promissory note at the bank and documents related to the tender offer requested by the bank. After the completion of the tender offer, Jirawud Kuvanant plans to change or add more directors at least 2 more seats or by shareholding proportion. Thus, the directors of the company after the tender offer will remain a total of 8 directors and the appointment of directors and the board structure will be clear after the completion of the tender offer and as appropriate. Authorised Director of the Digital Tech Planet will be selected after appointing directors that represent Jirawud Kuvanant. However, if Digital Tech Planet would like to appoint new director and/or management or replace the former director and/or management who resigned to the full term or due to any other reason, Jirawud Kuvanant will proceed with the appointment of new directors and/or management as appropriated and necessary and will act in accordance with relevant laws and regulations. Jirawud Kuvanant may nominate directors who are representatives of Jirawud Kuvanant, which is not an independent director, to have a suitable with the number of shares hold in Digital Tech Planet after the completion of the tender offer and/or management that suitable with Digital Tech Planet after tender offer is completed which depends on the response of the tender offer. This may include proposing the business to consider changing the number of directors and/or management of the Digital Tech Planet and appointing additional sub-committees as appropriate and necessary to create efficiency in business management by taking into account the appropriateness of business operations. Upon completion, at least 3 Directors from a total of 8 Directors who representing tender offeror. Jirawud Kuvanant has no intention to delist Digital Tech Planet Public Digital Tech Planet Limited upon completion. The offer will run from January 28, 2019 to March 4, 2019. S14 Advisory Digital Tech Planet Limited acted as preparer to the transaction. Country Group Securities Public Digital Tech Planet Limited acted as tender offer agent. Blumenthal Richter & Sumet Digital Tech Planet Limited acted as legal advisor to Jirawud Kuvanant. AEC Securities Public Company Limited acted as financial advisor to shareholders of Digital Tech Planet Public Company Limited.