Nusasiri Public Company Limited (SET:NUSA) agreed to acquire 23.28% stake in Demco Public Company Limited (SET:DEMCO) from Thana Power Holding Co., Ltd., Nuntida Kitti-Itsaranon, Kamthorn Kitti-Itsaranon and Janejira Kitti-Itsaranon for THB 850 million on November 25, 2022. Under the terms, 170 million shares will be acquired at a price of THB 5 per share in cash. The deal is subject to approval from Nusasiri Public Company Limited (SET:NUSA) shareholders.

As of April 28, 2023 Nusasiri Public Company Limited (SET:NUSA) shareholders approved the transaction. The transaction will be funded by borrowings of THB 600 million from Thana. Silom Advisory Company Limited acted as financial advisor to Nusasiri Public Company Limited.