Sena Development Public Company Limited (SET:SENA) made a tender offer to acquire remaining 64.65% stake in J.S.P. Property Public Company Limited (SET : JSP) from Thai NVDR Co., Ltd. and other shareholders for THB 1.4 billion on March 8, 2022. Sena will pay THB 0.50 per share for 2.72 billion shares, representing a 64.65% stake in J.S.P. Property. Prior to tender offer, Sena holds a 35.35% stake in J.S.P. Property. The source of funds used in this tender offer will come from loan facility for financial support from the Land and House Bank Public Company Limited totaling THB 806.16 million and the rest will come from tender offeror's internal cash flow. The balance in Sena Development's deposit account was THB 556.5 million. The tender offer period starts from March 9, 2022 to April 18,2022.

After the tender offer, the list of board of directors of the Company may not have any material changes. However, if the Company will appoint new directors or replace the directors who resigned, expired, or any other reason. The tender offeror will appoint the appropriate directors and comply the relevant rules and regulations. In the next 12 following months after the end of tender offer period, the tender offeror has no intention to change the management team significantly.

KTBST SECURITIES PUBLIC COMPANY LIMITED acted as tender offer preparer, LAND AND HOUSES SECURITIES PUBLIC COMPANY LIMITED acted as tender offer agent and Dherakupt Law Office Company Limited acted as legal advisor of Sena.