B Grimm Power Public : Investment in Sekong Investment Advisory Company Limited
July 08, 2022 at 06:34 am
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No. BGRIM 10/2565
8 July 2022
Subject:
Investment in Sekong Investment Advisory Company Limited
To :
President
The Stock Exchange of Thailand
B.Grimm Power Public Company Limited (the "Company") would like to inform that on 8 July 2022, the Company has invested in Sekong Investment Advisory Company Limited ("SIA"), a company incorporated under law of Lao People's Democratic Republic, in the proportion of 20 percent of registered capital, details are as follows;
Name of the company
Sekong Investment Advisory Company Limited
Registered capital
Lao Kip 1,000,000,000, divided into 100,000 ordinary shares
(Lao Kip 10,000 per share)
Purpose
To support the investment of the Xekong 4A and 4B Hydroelectric Power
Project with installed capacity of 355 megawatts, located in Xekong
Province, Lao PDR, and the head office is located in House No.187, Unit
12, Kaisonphomvihan Road, Phonsaart Village, Saysettha District,
Vientiane Capital, Lao PDR
Shareholders/
20% held by B.Grimm Power Public Company Limited
Holding proportion
60% held by RATCH Group Public Company Limited
20% held by Business Partners (who is not connected person)
Source of Funding
Working Capital of B.Grimm Power
This transaction is not classified as connected transactions and the transaction size is not required to be disclosed under the rules, procedures and disclosure of information concerning the acquisition or disposition of assets of the listed company pursuant to the Notification of the Capital Market Supervisory Board and the Board of Governors of the Stock Exchange of Thailand.
Please be informed accordingly
Yours faithfully,
(Dr. Harald Link)
President
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BGrimm Power pcl published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2022 10:33:03 UTC.
B.Grimm Power Public Company Limited is a Thailand-based energy that focuses on the development, financing, construction and operation of green-field power plants. The Company's segments include Electricity generating and Other businesses. The Electricity generating segment is engaged in the generating and distribution of electricity for the government sectors and industrial users both in Thailand and overseas. The Other businesses segment is engaged in the business of investment holding, maintenance and operating services for power plants. It also operates the management consulting business, through its subsidiary, B.Grimm Power (Vietnam) Company Limited. The Company generates electricity for sale to the Electricity Generating Authority of Thailand (EGAT), the Provincial Electricity Authority (PEA), the Metropolitan Electricity Authority (MEA), the Electricite du Laos (EDL) Electricite Du Vietnam (EVN) and Electricite Du Cambodge (EDC).