Kannawaen acquired Two Power plant projects in Japan from PP PRIME Public Company Limited (SET:PPPM) on June 24, 2022. Under the terms of agreement, PP PRIME sold part of lands held by the Subsidiaries (17 plots out of a total of 26 plots) and (2) power plants system (Power Plant Projects) (2 plants out of a total of 15 plants), and the ownership of some lands had already been transferred to the Kannawaen. PP PRIME has already received money from the sales proceeds of some assets of JPY 78 million (20 million baht), with a book value of JPY 260 million (67 million baht).

Kannawaen completed the acquisition of Two Power plant projects in Japan from PP PRIME Public Company Limited (SET:PPPM) on June 24, 2022.