NMG owns of 99.94 per cent of its NED subsidiary, 98.7 per cent of Nation Books International Co Ltd, and 49.99 per cent of Nation Egmont Edutainment Co Ltd.

"The objectives of the corporate restructuring are to increase operating efficiency and strengthen our financial status in order to ensure future business development. It will provide the company's management team with clear strategic directions as well as a solid overall corporate structure," executive director Thanachai Santichaikul said in a statement submitted to the Stock Exchange of Thailand yesterday.

 NMG will buy 1.15 million NED common shares at a price of Bt100 apiece this month to strengthen the unit's financial position. That will increase NED's registered and paid-up capital to Bt165 million from Bt50 million. After the investment NGM will hold 99.61 per cent of NED.

NMG will also buy 690,000 common shares of Nation Books at Bt100 apiece for a total of Bt69 million. As a result Nation Books' registered and paid-up capital will climb from Bt1 million to Bt70 million. After the investment NGM's stake in NBI will be 99.99 per cent

Nation Books, which will become the lead company in the Edutainment business unit, will become the major shareholder in NED and Nation Egmont after it buys shares in both units from NMG.

NMG will sell 1.64 million common shares of NED to Nation Books at a book value price of Bt18.36 per share, for a total of Bt30.17 million.

NMG will also sell 24,996 Nation Egmont common shares to Nation Books at a book value price of Bt824.17 per share, for a total of Bt20.6 million.