Jirawut Kuwanan agreed to acquire 90.1% stake in Than Jaidee Money Service Co., Ltd. from B-52 Capital Public Company Limited (SET:B52) for THB 30 million on May 16, 2023. As part of transaction, 234,260 shares will be acquired. In related transaction, Than Jaidee Money Service capital will increase from THB 5 million to THB 26 million.

B-52 Capital Public Company board approved the deal. The transaction is subject to approval of B-52 Capital shareholders. B-52 Capital plans to use the proceeds from the sale for working capital for the potential business expansion.

For period ended March 31, 2023, Than Jaidee Money Service reported Net liabilities of THB 15.6 million and net loss of THB 1.9 million. Capital One Partners Co.,Ltd. acted as financial advisor to B-52 Capital. Avantgarde Capital Company Limited acted as financial advisors to B-52 Capital Public Company Limited.