SPCG closes the chapter on Thailand's solar queen after selling shares to a new investor group

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

Wandee Khunchornyakong, also known as Jae Tum-Wandee, the pioneer of Thailand's solar farm industry, has sold her SPCG shares to four new buyers at 9.11 baht per share, bringing an end to the two-decade reign of the solar queen. The new buyer group consists of JRT Green Energy Company Limited with a 25.18% stake, Premia Global Limited with 21.04%, Worasit Phokhaichaiyaphat with 7.07%, Premia Global Thai Company Limited with 3.82%, and Ratchaneewan Akarawikrai with 2.75%. JRT Green Energy was only established on 8 July 2026, with Rawiphan Jaruthawee as a director. She is the daughter of Sia Beng-Thotsaphong Jaruthawee, a former executive of N-PARK and a brother-in-law of former prime minister Srettha Thavisin. Premia Global Thai was founded on 25 November 2025, with Worasit Phokhaichaiyaphat as a director. He is one of the founders of FNS Holdings and the chief executive officer of MK. This share sale brings the Jaruthawee group and the Finansa group into SPCG, replacing Jae Tum-Wandee, who was the major shareholder with 486.56 million shares and received dividends from SPCG in 2025 of approximately 1.05 billion baht.

Impact on assets 2

Energy Transition & Power Demand▼ · 1 stocks
Real Estate▲ · 1 stocks

Off-coverage companies 4

JRT Green Energy Co., Ltd.Private▲ Positive
Capitalrelevance

New investor group acquires 25.18% stake, gaining significant control.

Premia Global LimitedPrivate▲ Positive
Capitalrelevance

Acquires 21.04% stake, becoming a major shareholder.

พรีเมีย โกลบอล ไทย จำกัดPrivate▲ Positive
Capitalrelevance

Acquires 3.82% stake as part of new investor group.

FNS Holdings Co., Ltd.Private▲ Positive
Capitalrelevance

Co-founder involved in acquiring stake, expanding influence.

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