Seven Utilities and Power Public Company Limited (SET:7UP) entered into an agreement to acquire additional 40% stake in Gold Shores Company Limited from Bangkok Dec-Con Public Company Limited (SET:BKD) for THB 550 million on July 9, 2021. Under the terms, 2.6 million shares will be acquired as a part of the transaction. . The first installment of THB 27.5 million will be paid on the contract date (within June 21, 2021), the second installment of THB 122.5 million will be completed by June 30, 2021 and the remaining amount of THB 400 million within September 2021. As of September 30, 2021, the buyer and seller negotiated and agreed to extend the final payment period from the original due date within September 2021 and extended to December 24, 2021. The Board of Directors' meeting of Bangkok Dec-Con held on July 9, 2021, passed resolution approving this transaction. Bangkok Dec-Con will use the proceeds from sale of shares in the tap water business as working capital for business to increase the potential for income growth and create returns to the shareholders of the company in the future. As of January 6, 2021, Bangkok Dec-Con Public Company Limited (SET:BKD) received THB 550 million as a part of consideration.

Seven Utilities and Power Public Company Limited (SET:7UP) completed the acquisition of additional 40% stake in Gold Shores Company Limited from Bangkok Dec-Con Public Company Limited (SET:BKD) on January 6, 2022.