Asia Metal Public Company Limited (SET:AMC) entered into a purchase agreement to acquire an additional 5% stake in Prime Steel Mill Company Limited from Virachai Suteerachai for TBH 35 million on June 17, 2021. Asia Metal Public Company Limited will acquire 0.5 million shares of Prime Steel Mill Company Limited at THB 70 per share. Asia Metal Public Company Limited will pay TBH 35 million for the shares acquired. Prior to the transaction, Asia Metal Public Company Limited holds 3.5 million shares amounting to 35% stake and Virachai Suteerachai holds 0.5 million shares amounting to 5% stake. After the transaction, Asia Metal Public Company Limited will hold 4 million shares amounting to 40% stake and Virachai Suteerachai will hold no stake in Prime Steel Mill Company Limited. Asia Metal Public Company Limited will fund the transaction through its working capital. Prime Steel Mill Company Limite reported total assets of THB 2,321.34 million and total owners’ equity of THB 813.7 million as at December 31 2020. Prime Steel Mill Company Limited reported total income of THB 3,660.29 million and net loss of THB 191.54 million in 2020. The Board of Directors of Asia Metal Public Company Limited approved the transaction on June 18, 2021. The transaction is expected to be completed within June 2021.