Thanulux Public Company Limited has agreed to acquire 50% stake in Suksawat Alliance Co., Ltd from U City Public Company Limited (SET:U) for THB 27 million.

Thanulux Public Company Limited (SET:TNL) has agreed to acquire 50% stake in Suksawat Alliance Co., Ltd from U City Public Company Limited (SET:U) for THB 27 million on September 30, 2022. The Company expects to complete the Transactions within December 2022. Silom Advisory Company Limited acted as financial advisor to U City Public Company Limited (SET:U)