NauticAWT Limited (Catalist:42D) entered into a conditional share purchase agreement to acquire World Industrial Estate Co., Ltd. from World Corporation Public Company Limited for THB 690 million on March 21, 2023. NauticAWT Limited (Catalist:42D) entered into a supplementary conditional share purchase agreement to acquire World Industrial Estate Co., Ltd. from World Corporation Public Company Limited for THB 4.5 million on March 27, 2024. NauticAWT entered into a supplemental agreement with the World Corporation Public to modify terms. Under the modified terms, World Corporation Public will receive 52.7 million shares priced at SGD 0.20 (approximately THB 5.4). World Industrial Estate reported total revenues of THB 10.3 million, net loss of THB 7.9 million, net loss of THB 7.9 million, total assets of total assets THB 489.8 million and net assets of THB 249 million for year ended December 31, 2022. World Industrial Estate reported total assets of THB 656.1 million, net profit of THB 49.3 million and total debt of THB 357.7 million. The transaction is conditional upon approval of the shareholders and board of NauticAWT and World Corporation, due diligence investigations, Vendor having procured the completion of the Proposed Restructuring Exercise, all necessary consents, approvals and waivers, no suspension of the trading of the shares of the Purchaser, World Industrial having fulfilled the listing criteria under the Catalist Rules, the approval from the SGX-ST being and he lifting of the trading suspension and resumption of trading of the Vendor?s shares by the Stock Exchange of Thailand and/or the Securities and Exchange Commission of Thailand. The transaction is expected to close on September 30, 2024. The transaction has been approved by shareholders of World Corporation Public Company on May 7, 2024.

RHT Capital Pte. Ltd. has been appointed as the financial adviser to NauticAWT Limited (Catalist:42D). Silom Advisory Company Limited is acting as the independent financial advisor to World Corporation Public Company Limited. Mazars Consulting Asia Pte. Ltd. acted as financial advisor to NauticAWT Limited (Catalist:42D). Silom Advisory Company Limited has given negative opinion of the transaction because according to them fair value of World Corporation's shares and NauticAWT Limited's has not been considered here.

NauticAWT Limited (Catalist:42D) cancelled the acquisition of World Industrial Estate Co., Ltd. from World Corporation Public Company Limited on June 28, 2024.