Weerawong, Chinnavat & Peangpanor Ltd. advised Natural Park (NPARK) in the share-for-share swap transaction with BTS Group Holdings Plc (BTSG). NPARK acquired 100% of BTS Assets Co. and Kamkung Properties Co. from BTSC and in return NPARK issued its shares and warrants to BTSG resulting in BTSG holding a 35.64% stake in NPARK, which has been renamed U City.

BTS Assets Co. and Kamkung Properties Co. are the flagship real estate companies of BTSG, owning the Eastin Grand Hotel as well as high profile land portfolios in proximity to the Phaya Thai and Mor Chit skytrain stations and the Airport Rail Link.  The combined assets, valued at THB 9.4 billion or approximately USD 313 million will be the basis for the development of office, hotel and retail projects.  

The Weerawong C&P team was led by partner Peangpanor Boonklum and included key associates Panuwat Chalongkuamdee and Pratumporn Somboonpoonpol.