Nation Broadcasting Corporation Public Company Limited (SET:NBC) agreed to acquire 90% stake in Montri Transport Corporation Public Company Limited from P-KON Company Limited for THB 539 million on September 30, 2022. As per the terms, NBC will acquire 337.5 million shares. NBC will use the source of funds from the company's operating cash flow and/or by borrowing money from financial institutions.

For the period ended June 2022, Montri Transport had total assets of 742.4 million, Total shareholders equity of 45.6 million, and Net income of THB 47.4 million. Transaction is subject to NBC shareholders approval and other condition precedents. NBC board has approved the transaction.

As of November 8, 2022, Shareholders of Nation Broadcasting Corporation Public Company Limited approved the transaction. Advance Capital Services Company Limited acted as financial advisor to Nation Broadcasting Corporation Public Company Limited.