JSP Pharmaceutical Manufacturing (Thailand) Public Co., Ltd. (SET:JSP) agreed to acquire 52.8% stake in Grace Water Med Co., Ltd from NCL International Logistics Public Company Limited (SET:NCL) for THB 43.9 million on May 10, 2023. NCL International Logistics Public Company Limited will dispose the investment in Grace Water Med Co.,Ltd. in amount of 21,118 shares and Grace Water Med Co., Ltd. will end being the subsidiary of the Company. Transaction is expected to Complete on June 2023.

As on May 12, 2023, the transaction was approved by JSP Pharmaceutical Manufacturing (Thailand) PCL. Board of Directors.