Wattana Somwattana, Sornsak Somwattana, Anuchat Angsumethangkoon, Thanit Koosuwan, Jidapa Tratulakarn, Vichien Jearkjirm, Juthamas Somwattana and Gulissara Angsumethangkoon entered into a memorandum of understanding to acquire 51.6% stake in Nirvana Daii Public Company Limited (SET:NVD) from Singha Estate Public Company Limited (SET:S) for THB 1.8 billion on October 7, 2020. On November 23, 2020, parties reached an agreement. As per terms, group of buyers will acquire approximately 711.86 million shares at THB 2.52 per share and will increase their stakes in Nirvana Daii Public Company Limited from 20.74% to 72.3%. Post-completion, Nirvana Daii Public Company Limited will cease to be the subsidiary of Singha Estate Public Company Limited. The transaction is subject to consummation of due diligence which is expected to be completed within November 16, 2020. The transaction is expected to close on December 18, 2020. DN 36 Company Limited acted as a legal advisor to the group of buyers. Duangkamon Amkaew of Baker & McKenzie Ltd. acted as a legal advisor to Singha Estate Public Company Limited.

Wattana Somwattana, Sornsak Somwattana, Anuchat Angsumethangkoon, Thanit Koosuwan, Jidapa Tratulakarn, Vichien Jearkjirm, Juthamas Somwattana and Gulissara Angsumethangkoon completed the acquisition of 51.6% stake in Nirvana Daii Public Company Limited (SET:NVD) from Singha Estate Public Company Limited (SET:S) on January 6, 2021. Wattana Somwattana and Sornsak Wattana acquired 427 million shares representing 30.97% stake and 284 million shares representing 20.59% stake respectively in Nirvana Daii Public Company Limited. Post completion, Wattana Somwattana and Sornsak Wattana will hold 560 million shares representing 40.57% stake and 363 million shares representing 26.33% stake respectively in Nirvana Daii Public Company Limited.