(Translation)
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