Seven Utilities and Power Public Company Limited (SET:7UP) entered into an agreement to acquire additional 40% stake in Gold Shores Company Limited from Bangkok Dec-Con Public Company Limited (SET:BKD) for THB 550 million on July 9, 2020. Under the terms, 2.6 million shares will be acquired as a part of the transaction. The first installment of THB 15 million will be deposited on the date of share trading agreement, the second installment of rest of the payment will be completed by January 31, 2021. As of February 1, 2021, the second installment payment is still pending Bangkok Dec-Con Public Company Limited still holds 40% stake in Gold Shores Company Limited. The Board of Directors' meeting of Bangkok Dec-Con held on July 9, 2020, passed resolution approving this transaction. Bangkok Dec-Con will use the proceeds from sale of shares in the tap water business as working capital for business to increase the potential for income growth and create returns to the shareholders of the company in the future.

Seven Utilities and Power Public Company Limited (SET:7UP) cancelled the acquisition of an additional 40% stake in Gold Shores Company Limited from Bangkok Dec-Con Public Company Limited (SET:BKD) on February 1, 2021.