Mr. Jakgrich Pibulpairoj, President of Electricity Generating Public Company Limited or EGCO Group said that EGCO Group has entered into Share Purchase Agreement with Manila Water Company Inc., the Philippines on February 19, 2018 to sell its entire stake of 18.72% in Eastern Water Resources Development and Management Public Company Limited (East Water). EGCO Group plans to use the proceeds for further business expansion and the transaction is expected to be completed within the first quarter of 2018.