ASW acquires Chewathai Estate 3 from CHEWA for 99.99%

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Summary · why it matters

AssetWise Public Company Limited, or ASW, through 39 Estate Company Limited, a subsidiary in which it holds a 99.99% stake, has acquired Chewathai Estate 3 Company Limited, or CE3, from Chewathai Public Company Limited, or CHEWA, comprising 9,999 shares, representing 99.99% of CE3's registered and paid-up capital. As a result, CE3 becomes a subsidiary of ASW. All conditions precedent under the share purchase agreement were fulfilled on 6 October 2026, the date the transaction was completed. Following the transaction, CE3 has registered capital of 1 million baht, divided into 10,000 ordinary shares with a par value of 100 baht each, with 39E holding 99.99% and Mr. Kromchet Viphanphong holding 0.01%. The acquisition aims to support and extend ASW's real estate development business. Meanwhile, CHEWA stated that the sale is intended to increase the company's operating cash flow, and that as the issuer of debentures CWTTH26OA, CWTTH272A, CWTTH276A, CWTTH27NA, CWTTH27NB, CWTTH282A and CWTTH283A, it will hold another meeting of the holders of those debentures on 7 October 2026, with key agenda items including granting a waiver so that the holding of a debenture holders' meeting to adjust debt repayment terms is not treated as an event of default under the rights specifications of certain tranches, extending the debenture maturity dates, and amending the conditions for early redemption of the debentures before maturity.

Impact on assets 2

Real Estate▲

Off-coverage companies 2

39 Estate Co., Ltd.i
Private± MixedCapitalrelevance

39 Estate, ASW's 99.99%-owned subsidiary, is the acquiring entity holding 99.99% of CE3.

Chewathai Estate 3 Co., Ltd.i
Private± MixedCapitalrelevance

CE3 is the target company acquired and now a subsidiary of ASW.