Rather surprised that no one has really picked up on this.
Two days ago DSGT announced to the market that it had received a voluntary tender offer from a PE Fund for the outstanding number of shares in the market at THB 5 / share
Here are some key points and a link to the announcement
The Offeror is an investment holding company and intends to hold not less than 295,613,636 shares or 23.46% of the total issued and paid-up shares of DSGT, representing 23.46% of DSGT’s total voting rights The Offeror intends to acquire shares of DSGT in a voluntary tender offer subject to the condition that the Offeror shall cancel the tender offer, if at the end of the Tender Offer period, shareholders of DSGT who accept the Tender Offer are less than 295,613,636 shares or 23.46% of the total issued and paidup shares of DSGT, representing 23.46% of DSGT’s total voting rights. Pursuant to the Deed of Undertaking (“DOU”) entered into by the Offeror, Mr. Brandon Wang Shui Ling and DSG International Limited (“DSGIL”), a major shareholder of the Business on 2 September 2016, DSGIL and Mr. Brandon Wang Shui Ling have agreed to undertake to the Offeror that it will (i) not sell its shares in the VTO the Offeror’s Tender Offer and (ii) procure that two nominees of the Offeror are appointed to the board of DSGT.
The offer price for the ordinary shares is Baht 5.00 (Five Baht) per share (the “Offer Price”). The shareholders who accept the Tender Offer (each an “Offeree”), are subject to payment of a brokerage fee of 0.25% of the Offer Price plus value added tax (“VAT”) of 7% of the brokerage fee. Therefore, the net price to be received by the Offeree will be Baht 4.986625 (Four Point Nine Eight Six Six Two Five Baht) per share