20 Dec 2014 – MAI-listed Solution Corner (1988) Plc (SLC) has promised not to buy any more shares in Nation Multimedia Group Plc (NMG) or become involved in the company’s management.
The two sides made a gentleman’s agreement after the SLC board on Wednesday approved the purchase of a 12.27% stake in NMG and 225 million warrants (NMG-W1) for 1.042 billion baht.
Along with the NMG investment, SLC would buy 10 million newly issued shares of GMM Grammy Plc at 13.50 baht apiece.
Read more at Bangkok Post