The Company was established to engage in the first solar power plant business located in Myanmar and has entered into a Memorandum of Understanding by the Ministry of Electric Power of the Republic of the Union of Myanmar dated 2nd May, 2013, with an estimated annual supply of approximately 350 million kWh (Units) with , a tentative installed capacity of 230 MW (the “Project”), covering approximately 846 acres in Minbu, Magway Region of Myanmar, to which the Company is in the process to acquire the leaseholds rights.
The Company is seeking to raise funds by means of an Initial Public Offering (“IPO”) of new and/or existing shares, which requires approval of the Securities and Exchange Commission of Thailand (“SEC”) and approval for the listing of its shares on the Stock Exchange of Thailand (“SET”) or the Market for Alternative Investment (“mai”), collectively hereinafter referred to as the “Transaction”.
Thus, the Company wishes to appoint KTZ as the Financial Advisor, Sole Lead Underwriter and Sole Bookrunner regarding the issuance. Furthermore, if the Company wishes to seek further funding options, KTZ shall act as a fund-raising manager for the Company, should the Company request such services.
Moreover, in the event that the Company intends to engage in any merger, acquisition and/or related activity, KTZ shall act as a Financial Advisor for the Company.