Seven Utilities and Power Public Company Limited (SET:7UP) agreed to acquire additional 36% stake in Gold Shores Company Limited from World Honor Trading Company Limited for THB 550 million on July 23, 2020. Seven Utilities and Power Public Company Limited will acquire 2.3 million shares at THB 239.47 per share. Gold Shores Company Limited will change the number of directors and authorized directors after the transaction. As of December 31, 2019, Gold Shores Company Limited has shareholders equity of THB 633.2 million, net loss of THB 77.8 million, revenue of THB 52 million and total assets of THB 970.8 million. Consideration will be paid within January 2021 and will be financed through money received from the issuance and offering of convertible debentures, which is approved by the annual general meeting of shareholders for 2020, of not more than THB 650 million and Working capital of the Seven Utilities and Power Public Company Limited. The Board of Directors Meeting No. 11/2020, held on July 23, 2020, resolved to approve the transaction. Seven Utilities and Power Public Company Limited (SET:7UP) completed the acquisition of 36% stake in Gold Shores Company Limited from World Honor Trading Company Limited on September 3, 2020.