TEAMG Jumps Over 20% as SCC Purchases a 10% Stake in the Company

TEAMG's share price increased by more than 20% on the announcement that SCC had acquired a 9.90% investments, becoming the company's major shareholder

TEAMG‘s share price has risen more than 20% at the opening on Wednesday, September 9, on the announcement that SCC had acquired a 9.90% investments, becoming the company’s major shareholder.

The share price of TEAM Consulting Engineering and Management Public Company Limited (TEAMG) rose ฿0.38/share or 15.45% to ฿2.84/share as of 10:29 local time in Thailand, with a trading value of 263 million baht.

On September 7, 2021, TEAMG announced that the company has been informed by the major shareholders including Mr. Prasert Patramai, Mr. Peerawat Premchun, Mr. Thanasarn Khuayjarernpanishk, Mr. Kittipol Bunnim, and Mr. Issarin Patramai that Nexter Ventures  Co.,Ltd. (Nexter  Ventures), a subsidiary of Siam Cement Public Company Limited (SCC), has purchased the shares from them under the Big Lot Transaction through the Stock Exchange of Thailand. The total number of shares purchased were 67,328,800 shares,  equal to 9.90% of the total issued and sold shares, at the price of THB2.54 Baht per share.

The acquisition of Nexter Ventures will promote the collaboration of both business operations in the areas of engineering, architecture, environment, technology and innovation, such as the environmentally friendly construction technologies.

Therefore, after this transaction the top 10 company’s shareholder structure is as follows;

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