The share price of Team Consulting Engineering and Management Public Company Limited (TEAMG) rose ฿0.80/share or 28.99% to ฿3.56/share as of 10:41 local time in Thailand, with a trading value of 903 million baht.
TEAMG has gained by more than 40% since Siam Cement (SCC) announced on September 7, 2021 that its subsidiary Nexter Ventures has acquired a 9.90% shareholding in TEAMG, which resulted in SCC becoming TEAMG’s largest shareholder.
TEAMG notifies 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 on September 7, 2021.
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 2.54 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.