Udon Plaza Co, the operator of UD Town in Udon Thani, will have Nippon Pack (Thailand) Plc as its new shareholder to help expand its retail and tourism business to respond to the Asean Economic Community (AEC).
Nippon Pack, the SET-listed plastic packaging producer, will hold about a 20.52% stake in Udon Plaza or 800,000 shares at a cost of 80 million baht.
Udon Plaza will raise its registered capital from 300 million to 380 million baht. The transaction will be completed in July or early August.
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