Advice please for an expat friend contemplating closing a private limited company he co-owns with a Thai (as per 51% requirement) . The Thai partner is not interested to keep the company either. The company has been dormant and kept for the potential of buying property here. However, things have changed for him and he doesn't need the company anymore.

To not incur any more costs, like having to pay for the closing of a company (apparently costs like 15 to 20K?), se wants to offer the company up for someone else to take over - who can pay for the change of names, addresses...etc...

Any suggestions for the best way to do this or any other sound advice regarding this?