Shareholders of Jasmine International Plc (JAS) have approved a deal in which Advanced Info Service (AIS) Plc will acquire its subsidiary Triple T Broadband (TTTBB), a fixed broadband operator, and buy 19% of Jasmine Broadband Internet Infrastructure Fund (JASIF) for 32.4 billion baht in total.
Shareholders with 5.29 billion shares in total attended the meeting to vote on the deal on Friday, according to a statement sent by JAS to the Stock Exchange of Thailand (SET). At least three-quarters of the shareholders were required to vote in favour in order to approve the deal.
