Phelps Dodge International (Thailand) Limited and STARK Corporation Public Company Limited (SET:STARK) entered into a share purchase agreement to acquire Thai Cable International Co., Ltd. from Virat Anurakputti, Noppadol Joisarn and Suwanni Wongsawas for THB 41 million on March 27, 2020. Under the terms of transaction, Phelps Dodge will purchase approximately 1.059 million shares and STARK Corporation will purchase 1 share of Thai Cable. The transaction will be financed from the cash flows of STARK Corporation. The transaction is approved by the board of STARK Corporation. The transaction is expected to complete on April 1, 2020.