NMG has a 90 per cent shareholding in Nation U.
The deal offered an approximate price of Bt8.3824 per share, amounting to a total of Bt256.5 million, according to a company report to the Stock Exchange of Thailand yesterday.
The approval followed a sale of shares agreement of NU dated July 31, 2018, with the precedent condition that the company as the seller must receive the approval from its board of directors before selling the said ordinary shares of NU to Chirasak Chiyachantana.
According to the agreement, transactions of the deal will be completed with in the third quarter of this year, the company said.