FNS Holdings Public Company Limited (SET:FNS) agreed to acquire additional 17.99% stake in M.K. Real Estate Development Public Company Limited (SET:MK) for approximately THB 880 million on May 18, 2023. The offer per share is THB 4.30 for 196,311,160 shares. The transaction will be financed from capital increase and internal cash flow. Transaction is subject to conditions precedents and is expected to close by third quarter of 2023. FNS Holdings board has approved the acquisition. I V Global Securities Public Company Limited acted as financial advisor for FNS Holding Public Company.

FNS Holdings Public Company Limited (SET:FNS) completed the acquisition of additional 17.99% stake in M.K. Real Estate Development Public Company Limited (SET:MK) on August 9, 2023.