Miss Wandee Kunchornrayakong COE and Managing Directors as a leader in the production of Electricity from Solar Energy for commercial purpose in Thailand and ASEAN. She said in Press Conference and Signing ceremony with Gulf Energy Development ; which the larger power producers than. In the SPCG’s Annual General Meeting of Shareholders year 2014 has resolved and approved capital increase and appropriated capital increase shares of the company in General Mandate , allocated capital increase amount 83,998,952 shares for Private Placement Group approximately 10 percent.
SPCG Committee Agreement consider to allocated the stock capital increase can be sold to GULF Energy Development Co.,Ltd. is not a related person of the company and don't have any relationship. The capital increase selling price is 21.93 Baht – this price is a price that it not less than 90 percent of market price. The Market Price means the price weighted average price of ordinary shares in Stock Exchange of Thailand. Back in 15 working days consecutive before June 6, which is the first day that the proposed capital increase shares sold to GED between 16 May 2014 and 5 June 2014 which is equivalent to 24.36 baht per share.
In order that , SPCG have the financial purpose as Working Capital , expand business opportunities domestic and ASEAN . From this joint venture , SPCG and GED collaborate to develop Solar Power Business , to promote the creation of energy security to the country and promote the production of electricity from clean energy , to reduce Global Warming in the country and ASEAN. Its also reduce to import fuel in the future.