Gulf Energy Development Public Company Limited (SET:GULF) acquired 49% stake in Hin Kong Power Company Limited from Ratch Group Public Company Limited (SET:RATCH) for THB 2 million on January 3, 2020. Gulf Energy Development acquired 0.2 million shares of Hin Kong Power Company for THB 10 per share.

Gulf Energy Development Public Company Limited (SET:GULF) completed the acquisition of 49% stake in Hin Kong Power Company Limited from Ratch Group Public Company Limited (SET:RATCH) on January 3, 2020.