Thanulux Public Company Limited (SET:TNL) has agreed to acquire 50% stake in Majestic Park Co., Ltd from U City Public Company Limited (SET:U) for THB 156.272 million on September 30, 2022. The Company expects to complete the Transactions by December 2022. U City' board passed a resolution to approve of the sale of ordinary shares in Majestic Park. On 24 November 2022, the Extraordinary General Meeting of Shareholders of U City passed a resolution to approve sale of ordinary shares in Majestic Park. Silom Advisory Company Limited acted as financial advisor to U City Public Company Limited (SET:U).

Thanulux Public Company Limited (SET:TNL) acquired 50% stake in Majestic Park Co., Ltd from U City Public Company Limited (SET:U) on December 15, 2022.