King Wai Group (Thailand) Public Company Limited (SET:KWG) entered into share sale and purchase agreement to acquire additional 38.99% stake in Top Property Company Limited from Hampshire Pte. Ltd. for THB 0.1 million on August 4, 2020. King Wai Group (Thailand) Public Company Limited will use the working capital to fund the acquisition. As per terms, King Wai Group (Thailand) Public Company Limited will acquire 1.86 million ordinary shares and 0.33 million preferred shares of Top Property Company Limited. Post-completion, Hampshire Pte. Ltd. and King Wai Construction Limited will hold 1 ordinary share each in Top Property Company Limited. For the year ended, December 31, 2019, Top Property Company Limited reported total assets of THB 874.38 million, net liabilities of THB 373.38 million, total income of THB 21.89 million and net loss of THB 30.64 million. The board of directors of King Wai Group (Thailand) Public Company Limited approved the transaction in the board meeting. The transaction is expected to complete in August 2020.