JTS says it has a suitor for Justel Network worth no less than 6 billion baht

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Jasmine Technology Solution Public Company Limited, or JTS, disclosed that there is an interested party seeking to acquire all shares of its subsidiary, Justel Network Company Limited. Managing Director Sang To Lee reported to the Stock Exchange of Thailand that the company's board meeting No. 11/2569 on September 24, 2569 acknowledged a letter of intent from the financial advisor of a company that is interested in buying all shares of Justel Network. The company views the proposal as attractive and will study and negotiate the details, as well as facilitate due diligence. The company considers that it may not proceed with the transaction if the transaction value is below 6,000 million baht. The letter of intent grants an exclusive negotiation right for four months from the date of signing, during which the company will not solicit or negotiate other proposals concerning the sale of shares or assets of the subsidiary. The company stated that the process remains at a preliminary stage and the proposal is non-binding, so there is no certainty the transaction will occur. It will require negotiation and agreement on terms, as well as approval from the board of directors, the shareholders' meeting, and relevant authorities in accordance with the law.

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Jastel Network Co., Ltd.Private▲ Positive
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Justel Network is the subsidiary subject to the proposed 6-billion-baht acquisition of all its shares.

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