NCL International Logistics Public Company Limited (SET:NCL), Chanachai Joonjiraporn, Warisa Kawsa-ard, Parin Sathianpagilanagorn, Perajed Suwannapasri, Suksan Yasasin, Tradsin Chongussayakul, and Theera Piromsawasdi agreed to acquire Asia Wealth Securities Company Limited from Asia Wealth Holding Company Limited, Pattanasorn Phaoenchoke, Kongkiat Sukwanitchavichai, Teewara Petchrak, and Andy Yue Chan for THB 620 million on October 27, 2022. The share purchase agreement was signed on November 4, 2022. as per terms, NCL International Logistics Public Company Limited (SET:NCL) will acquire 26,694,228 shares representing 60% stake and remaining will be acquired by the group of individuals. NCL International will paid the consideration of THB 372 million in cash for its 60% stake. The offer per share is THB 13.9356.

As at June 30, 2022, Asia Wealth Securities reported total assets of THB 652 million, and total common equity of THB 419 million. NCL International will fund the acquisition from the issuance of debentures in the amount of THB 500 million. The acquisition is subject to regulatory and certain other condition precedents. NCL International Logistics board has approved the acquisition. The acquisition is expected to close by no later than December 30, 2022. As of November 18, 2022, NCL International Logistics Public Company Limited cancelled its investment in AWS.