Group of offerors led by Orasri Thipayaboonthong("Offerors") made an offer to acquire the remaining 8.8% stake in Siam Pan Group Public Company Limited (SET:SPG) for approximately THB 700 million on January 29, 2021. Under the terms of the consideration, the offerors will acquire the remaining shares for THB 23 per share. The transaction is subject to approvals from Siam shareholders and relevant authorities, including the SET. The Board of Directors of Siam propose to the shareholders to consider and approve the transaction. The shareholder meeting will be held on March 23, 2021. Silom Advisory Company Limited acted as financial advisor for Siam. Capital Link Advisory Limited acted as financial advisor for the Offerors. Group of offerors led by Orasri Thipayaboonthong("Offerors") cancelled the acquisition of remaining 8.8% stake in Siam Pan Group Public Company Limited (SET:SPG) on February 15, 2021. The transaction was cancelled, because offerors do not have sufficient funds to make the tender offer, which have increased from THB 698 million to THB 1.987 billion and therefore, have to cancel the delisting of the Company’s securities. Offerors cancelled extraordinary general meeting of shareholders and also cancel the appointment of the Independent Financial Advisor to provide opinions.