RATCH establishes 4 new subsidiaries to support renewable energy investment expansion

Kaohoon··TH·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

RATCH Group Public Company Limited, or RATCH, informed the Stock Exchange of Thailand that RE Green Energy Company Limited, an indirect subsidiary wholly held by RATCH through Ratchaburi Energy Company Limited, has registered a total of 4 new subsidiaries to support the group's future plans to expand investment in the renewable energy business. The newly established subsidiaries are RE Grow Green Company Limited, Phu Luang Green Energy Company Limited, Phu Tawan Energy Company Limited, and Wang Thong Solar Green Company Limited. Each company has registered capital of 100,000 baht, for total registered capital of 400,000 baht, divided into 10,000 ordinary shares with a par value of 10 baht per share, with 25% of registered capital paid up as of the incorporation date. RE Green Energy Company Limited holds 99.99% of the shares in each company, using the company's working capital as the funding source for the incorporation. RATCH stated that the incorporation is to prepare for the expansion of investment in the renewable energy business, in line with the direction of increasing the proportion of investment in clean energy and diversifying the long-term investment portfolio. It also stated that the transaction is not a connected transaction and is not a transaction requiring disclosure under the rules on significant transactions, but it was reported to the Stock Exchange of Thailand because it is a case in which a listed company or its subsidiary invests to the extent that the invested company attains subsidiary status.

Impact on assets 1

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 6

Phu Luang Green Energy Co., Ltd.Private± Mixed
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Phu Tawan Energy Co., Ltd.Private± Mixed
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Ratchaburi Energy Co., Ltd.Private± Mixed
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RE Green Energy Co., Ltd.Private± Mixed
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RE Grow Green Co., Ltd.Private± Mixed
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Wang Thong Solar Green Co., Ltd.Private± Mixed
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