Hitachi Chemical Company, Ltd. completed the acquisition of 10.83% stake in Hitachi Chemical Storage Battery Public Company Limited (SET:BAT-3K) from other shareholders.
July 09, 2020
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Hitachi Chemical Company, Ltd. made an offer to acquire additional 10.83% stake in Hitachi Chemical Storage Battery (Thailand) Public Company Limited (SET:BAT-3K) from other shareholders for approximately THB 570 million on June 17, 2020. In a related transaction, Hitachi Chemical Storage Battery (Thailand) Public Company Limited intends to acquire Hitachi Chemical Gateway Battery (Thailand) Company Limited from Hitachi Chemical Company, Ltd. on May 8, 2020. Under the terms, Hitachi Chemical Company, Ltd will acquire 2,165,202 shares for THB 265 per share from other shareholders. These shares are being acquired for disapproving the amalgamation of Hitachi Chemical Storage Battery (Thailand) Public Company Limited and Hitachi Chemical Gateway Battery (Thailand) Company Limited. The shares will be offered for sale from June 18, 2020 until July 3, 2020. Thanachart Securities Public Company Limited acted as purchase offer agent to the transaction. As of July 7, 2020, shareholders of 2,165,199 shares have offered their shares for sale. The transaction is expected to close on July 10, 2020
Hitachi Chemical Company, Ltd. completed the acquisition of 10.83% stake in Hitachi Chemical Storage Battery (Thailand) Public Company Limited (SET:BAT-3K) from other shareholders on July 10, 2020.
Thai Energy Storage Technology Public Company Limited is a Thailand-based company, which is principally engaged in the manufacture and distribution of batteries. The Companyâs product categories include automotive battery, traction battery, EB battery, lighting battery, and golf cart battery. The automotive battery products include NS40, NS40Z, NS60, NS80, N50Z, NS100, NS120, 105D31, N100, N120A, N120, N150A, N150, N200A, N200, 225H52L, DIN65, DIN75, DIN100, 67018, and 4DLT. Its EB battery includes EBB80T, EBB80LL, EBB125V, EBB160LL, and EBB190T. The lighting battery products include N20, 12N24-3, and 12N24-4. The golf cart battery products include T-105LL, T-885LL, and T-1285LL.
Hitachi Chemical Company, Ltd. completed the acquisition of 10.83% stake in Hitachi Chemical Storage Battery Public Company Limited (SET: BAT-3K) from other shareholders.