TTT+Partners

TTT+Partners represented EG Industries Bhd. in its partial voluntary tender offer to acquire up to 17.51% of the total issued and paid-up shares in N.D. Rubber PCL (NDR), a Thailand-based manufacturer of rubber components serving the automotive and industrial sectors. The offer was made at THB 1.50 per share, with an aggregate transaction value of ~THB 120 million.

The transaction reflects EG Industries Bhd.’s strategic expansion into complementary manufacturing sectors and its intention to strengthen its presence in Thailand, while creating opportunities for operational collaboration and long-term value creation with NDR.

The deal represents a strategic investment in the manufacturing sector and involved a regulated tender offer process under Thai capital markets laws. Our team worked closely with the client throughout the transaction, providing end-to-end legal support from advising on transaction structuring and ex*****on, to preparing and filing submissions with the Thai Securities and Exchange Commission, and ensuring compliance with applicable takeover and securities regulations through to successful completion.

TTT+Partners team was led by Kongkoch Yongsavasdikul, with support from Supatra Kerinsaguna and Thanchon Phetroocheang.

TTT+Partners advised Principal Capital PCL (“PRINC”) on the acquisition of approximately a 57% equity interest in N.D.S.34 Co., Ltd. (“NDS”), the operator of Por Phat 1 Hospital and Por Phat 2 Hospital in Nakhon Ratchasima Province.

The transaction involved a combination of share acquisitions from existing shareholders of NDS and a subscription for newly issued ordinary shares by Principal Healthcare Co., Ltd., a subsidiary of PRINC. As a result, PRINC acquired a controlling interest in NDS. The total transaction value was approximately THB 673 million.

Our scope of work included advising on and conducting legal due diligence, as well as drafting and negotiating the share purchase and share subscription agreements. The team also provided comprehensive advice on corporate and regulatory matters and supported the client throughout the transaction ex*****on and closing to ensure a smooth and timely completion.

Following completion of the transaction, PRINC became the majority shareholder of NDS, strengthening its hospital network and expanding its healthcare footprint in the northeastern region of Thailand through the Por Phat hospitals platform.

The team was led by Kongkoch Yongsavasdikul, with support from Supatra Kerinsaguna, Kanatat Damrongchaitham, and Veerapattra Mangmee.