Masterkool International Public Company Limited (SET:KOOL) agreed to acquire a 99.99% stake in Capital Link Udonthani Company Limited from Kriangkrai Siravinichkan, Romrudee Siravanichkan and Sarun Jetsadaarukkul for THB 92.3 million on February 24, 2021. The consideration shall be payable through issuance of shares. As per the transaction, Masterkool International Public Company Limited will acquire 0.04 million shares representing 100% stake of Capital Link Udonthani Company Limited at THB 2306.25 per share. Post completion, Capital Link Udonthani Company Limited will become wholly owned subsidiary of Masterkool International Public Company Limited. As of July 21, 2021, as per the auditor report Capital Link Udonthani has a revenue of THB 3.72 million, Total assets of THB 61.02 million, net loss of THB 0.59 million and Shareholders' Equity of THB 38.52 in March 31, 2021. The transaction is subject to approval from the shareholders of Masterkool International Public Company Limited in general meeting to be held on April 22, 2021. The Board of Directors of Masterkool International Public Company Limited has approved the transaction. The transaction was approved by the shareholders of Masterkool. Araya Partners Limited provided legal due diligence and M.A. Consulting Co., Ltd. provided financial due diligence to Masterkool.

Masterkool International Public Company Limited (SET:KOOL) completed the acquisition of a 99.99% stake in Capital Link Udonthani Company Limited from Kriangkrai Siravinichkan, Romrudee Siravanichkan and Sarun Jetsadaarukkul on January 17, 2022.