Pete Bodharamik made a tender offer to acquire the remaining 68.93% stake in Jasmine International Public Company Limited (SET:JAS) from a group of sellers for THB 29.7 billion on September 19, 2016. Under the terms of the transaction, Pete will acquire 4.09 billion shares for THB 7.25 per share and 2.73 billion warrants for THB 3.68 per unit of warrant. As of September 19, 2016, Pete holds 1.84 billion shares and 553.94 million warrants in Jasmine International Public Company Limited. On September 16, 2016, the offeror signed the loan agreement with The Siam Commercial Bank Public Company Limited for an amount not exceeding THB 42.5 billion as a source of fund for the offer. Within 12 months after the offer, the offeror has no intention to materially change the member of the Board of Directors of the company and its subsidiaries and to delist the company. The tender offer is expected to take place between September 29, 2016 and November 3, 2016. As on September 21, 2016, Pete Bodharamik offered to acquire 1.97 billion shares, representing 33.11% stake in Jasmine International Public Company Limited. As of September 29, 2016, the transaction was unanimously approved by the Board of Directors of Jasmine International Public Company Limited. The shareholders who accept the offer are subject to pay the tender offer agent fee at the rate of 0.25% of the offer price and the value added tax of 7% if the tender offer agent fee. Suthipat Serirat and Asavinee Srisomburananont of The Siam Commercial Bank Public Company Limited acted as the tender offer preparers and financial supporter and Weerawong, Chinnavat & Peangpanor Ltd acted as a legal advisor to Pete Bodharamik. SCB Securities Company Limited acted as tender offer agent. Plan Appraisal Company Limited and C.I.T. International Company Limited acted as the appraisers and Jarin Saksirisilp and Jariya Poonyavanich of OptAsia Capital Co., Ltd. acted as the financial advisors for Jasmine International Public Company Limited.