Shizuoka Gas Co., Ltd. (TSE:9543) entered into the share sale and purchase agreement to acquire a 49% stake in Thai-Japan Gas Network Company Limited from Scan Inter Public Company Limited (SET:SCN) for approximately THB 310 million on August 5, 2021. Post completion, Shizuoka Gas will hold 2,101,199 shares representing 50.9% stake, Scan Inter will hold 2,018,800 shares representing 49% stake and 1 share by a designated person by Shizuoka Gas. The transaction is subject to completion of the business transfer transaction between Scan Inter and Thai-Japan Gas. Shizuoka Gas and Scan Inter shall obtain corporate approvals necessary for the asset disposal transaction and Thai-Japan Gas shall have obtained key licenses necessary for the operation of iCNG business and iLNG business. The transaction is expected to complete on December 28, 2021.

Shizuoka Gas Co., Ltd. (TSE:9543) completed the acquisition of 49% stake in Thai-Japan Gas Network Company Limited from Scan Inter Public Company Limited (SET:SCN) on January 7, 2022.