WHA Utilities and Power Public Company Limited (SET:WHAUP) agreed to acquire 34% stake in Duong River Surface Water Plant JSC from Do Tat Thang for THB 2.8 billion on August 8, 2019. An agreement is expected to be signed on August 9, 2019. As per terms, 33.9 million shares will be acquired. Post completion, Do Tat Thang will not hold stake in Duong River Surface Water Plant JSC. The consideration will be funded from working capital and/or internal cash flow and/or loan from financial institution. The Board of Directors of WHA Utilities and Power Public Company Limited has given consent on the deal. The completion of this transaction is subject to certain conditions precedent. WHA Utilities and Power Public Company Limited (SET:WHAUP) completed the acquisition of 34% stake in Duong River Surface Water Plant JSC from Do Tat Thang on October 25, 2019.