“Jirawud” Aims to Make a Tender Offer after Acquiring 41.42% of DIGI’s Shares
338,556,100 shares or 21.42% of total paid-up capital of DIGI has been sold from its major shareholder to Jirawud Kuvanant on January 14, 2019. According to the Securities and Exchange Act, Mr. Jirawud needs to make a tender offer after acquiring a total of 41.42% of DIGI’s shares.
On January 14, 2019, a big lot of Digital Tech Planet Public Company Limited (DIGI) was sold at ฿0.21/share, totaled 338,556,100 shares or 21.42% of total paid-up capital, which was lower than the closing price of the day at ฿0.26/share.
According to the Stock Exchange of Thailand requesting DIGI to inform shareholder and management’s structure of the company due to the disposition of its ordinary shares through the Stock Exchange of Thailand via Big Lot trade on 14 January 2019. DIGI has asserted that Mr. Porameth Rungrongtanin disposed his ordinary shares in DIGI a total of 338,556,100 shares or 21.42% of total paid-up capital through the Stock Exchange of Thailand by Big Lot Trade to Mr. Jirawud Kuvanant on 14 January 2019.
As due to such changed in the shareholding structure, Mr. Jirawud Kuvanant is obliged to make a tender offer for all securities of the company which tender offer price is ฿0.21/share in accordance with Section 247 of the Securities and Exchange Act B.E. 2535 (including its additional amendments) and Relevant rules.
Currently, the structure of executive directors and the company’s directors have not been changed yet and DIGI’s businesses are still operating on real estates and e-Businesses which are e-Commerce and e-Payment.
