The share price of L.P.N. Development Public Company Limited (LPN) and Noble Development Public Company Limited (NOBLE) soared in response to the report of NOBLE to takeover LPN, despite a negative session in the stock market.
LPN closed the morning session at ฿6.45/share, increased ฿0.75/share or 13.16% with a trading value of 1,224 million baht. NOBLE’s share price increased ฿0.60/share or 5.08% to ฿12.40/share with a trading value of 108 million baht.
Meanwhile, SET Index closed the morning session at 1,335.51 points, decreased 2 points or 0.15% with a trading value of 31.5 billion baht.
“Kaohoon Turakij” reported, citing sources close to the matter, that NOBLE planned to accumulate LPN’s shares through the trading board as the current major shareholders are scattered.
The sources stated that NOBLE would benefit from acquiring LPN’s customer base, which interested in medium-low condominiums, while NOBLE would focus on its customer base, which is in the medium-high market.
Moreover, BTS Group Holdings Public Company Limited (BTS) would also be beneficial in this acquisition as well due to BTS being a major shareholder in NOBLE.
However, other NOBLE and LPN made a clarification through the Stock Exchange of Thailand (SET) after the morning session by stating that there is no taking over plan as of now, and both companies will inform SET if the companies received any news regarding the matter.