Boonsithi Chokwatana Sells Stake in PG to Etong Tiantai BSC for 8.20 Baht Per Share
Bangkok, September 1, 2023 – In a recent development, prominent business tycoon Boonsithi Chokwatana has divested his 5.4756% stake in textile and clothing manufacturer PG (formerly known as Lalip (Thailand) Public Company Limited). The Securities and Exchange Commission (SEC) disclosed that Chokwatana sold his entire portfolio of 5,256,666 shares to E Tongtiantai BSC Co., Ltd. The transaction, facilitated by securities company Lalip (Thailand) Public Company Limited, was completed on August 30, 2023 at a price of 8.20 baht per share, amounting to a total of 43,104,661 million baht.
PG, a leading player in the textile and clothing industry, specializes in the production of men’s, women’s, and children’s clothing, including swimwear, sportswear, cycling apparel, and men’s underwear. The company manufactures products under renowned international trademarks such as Arrow, Elle BSC, Felix Buhler, Mizuno, Lecoq, as well as its own brand.
Etong Tiantai BSC Co., Ltd. Emerges as Major Shareholder
Following the transaction, Etong Tiantai BSC Co., Ltd. now holds a significant stake in PG. The SEC reports that the company’s shareholding stands at 5,305,999 shares, representing 5.5270% of the company.
Etong Tiantai BSC Co., Ltd., established on October 11, 1978, primarily operates in the field of financial and insurance activities. Besides its recent acquisition in PG, the company also holds 3.828 million shares, equivalent to a 0.28% stake, in Global Green Chemicals Public Company Limited.
This sell-off by Boonsithi Chokwatana marks a notable shift in the ownership structure of PG and sets the stage for potential future developments in the company. Industry experts are keenly observing the impact of this transaction on PG’s operations and market performance.
The SEC revealed that wealth magnate Boonsithi Chokwatana sold his 5.4756% stake in PG to Etong Tiantai BSC for 8.20 baht per share.
On September 1, 2023, reporters reported that the Securities and Exchange Commission (SEC) has reported the Acquisition or Disposal of Securities (Form 246-2) Limited Company or PG, manufacturer of textiles and clothing Category Men’s, women’s, children’s clothing, clothing swimming, sportswear, cycling clothing and men’s underwear
by producing products under licensed international trademarks (International Brand) and company trademarks (House Brand) such as Arrow Elle BSC Felix Buhler Mizuno Lecoq and uniforms.
It was found that Mr. Boonsithi Chokwatana, who currently holds the position of Mr “Chairman” and is a major shareholder of PG, has sold all 5,256,666 shares of the portfolio, a 5.4756% stake on August 30, 2023 through a transaction through securities company (SEC) Lalip (Thailand) Public Company Limited.
The SEC recently reported that Mr. Boonsithi Chokwatana sold his shares to E Tongtiantai BSC Co, Ltd at a price of 8.20 baht per share, totaling 5,256,666 shares, amounting to 43,104,661 million baht.
As a result, the company Etong Tiantai BSC Co., Ltd. has shares held after the transaction date of 5,305,999 shares, representing 5.5270%.
Regarding E Tong Tian Tai BSC Co, Ltd., from searching through the CredenData website, it was found that it operates in the type of business. Financial and insurance activities Registered on October 11, 1978
At present, Etong Tiantai BSC Co, Ltd is a major shareholder of Global Green Chemicals Public Company Limited with 3.828 million shares, a stake of 0.28%.
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