Tanayong Plc will spend around Bt40 billion to acquire 94.6 per cent of shares of Bangkok Mass Transit System Plc from the latter's existing shareholders, including Siam Campital Developments (Hong Kong), Keen Leader Investment Limited, and Keeree Kanjanapas.
The company's board of directors made the approval in the meeting on Monday, according to its filing to the Stock Exchange of Thailand.
Keeree is a shareholder of both companies.
