TTT+Partners represented EG Industries Bhd. on its partial voluntary tender offer to acquire up to 17.51% of the total issued and paid-up shares in N.D. Rubber PCL (NDR), a Thailand-based manufacturer of rubber components serving the automotive and industrial sectors. The offer was made at THB 1.50 per share, with an aggregate transaction value of ~THB 120 million.
The transaction reflects EG Industries Bhd.’s strategic expansion into complementary manufacturing sectors and its intention to strengthen its presence in Thailand, while creating opportunities for operational collaboration and long-term value creation with NDR.
The deal represents a strategic investment in the manufacturing sector and involved a regulated tender offer process under Thai capital markets laws. Our team worked closely with the client throughout the transaction, providing end-to-end legal support from advising on transaction structuring and execution, to preparing and filing submissions with the Thai Securities and Exchange Commission, and ensuring compliance with applicable takeover and securities regulations through to successful completion.
TTT+Partners team was led by Kongkoch Yongsavasdikul, with support from Supatra Kerinsaguna and Thanchon Phetroocheang.
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