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Additional Information on the Investment in the Solar Power Project

Backกรกฎาคม 21, 2553

"TRANSLATION"

RH 304/2010

21st July 2010

Subject: Additional Information on the Investment in the Solar Power Project

Attention: The President of the Stock Exchange of Thailand

Reference: Letter No. RH 295/2010 dated 19th July 2010 entitled "Notification on the Investment in the Solar Power Project"

Reference is made to the notification released by Ratchaburi Electricity Generating Holding Public Company Limited ("the Company") to the Stock Exchange of Thailand that Ratchaburi Energy Company Limited (the subsidiary wholly owned by the Company) invested in the Sai Sena Solar Power Project ("the Project") through the acquisition of shares in Yanhee Solar Power Company Limited, the Company would like to report the additional information as follows.

1. Details of the Joint Company:
Yanhee Solar Power Company Limited is the developer of the 3-megawatt Sai Sena Solar Power Project. It has the registered capital of 250 million Baht which are divided into 2,500,000 ordinary shares, valuing 100 Baht each.

2. Characteristics of the Transaction and the Investment Proportion:
Ratchaburi Energy Company Limited has purchased shares from Yanhee Solar Power Company Limited in the amount of 156.96 million Baht and the shareholders structure after this transaction will be as hereunder described.

1) Ratchaburi Energy Company Limited holds 60 per cent shares

2) Yanhee Power Holding Company Limited holds 40 per cent shares

The above shares purchase is regarded as a small size transaction (the value of the transaction is lower than 15 per cent of the Company's net asset) according to the Notification of the Capital Market Supervisory Board No. Tor Chor. 20/2551 on "Rules of Entering into Material Transactions Deemed as Acquisition or Disposal of Assets" and to the Notification of the Board of Governors of the Stock Exchange of Thailand on "Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets B.E. 2547". According to the returns criteria, when comparing the investment amount with the Company's total net asset, the transaction size is valued at 0.2 per cent of the Company's net asset with reference to the Company's financial statement as of 31st March 2010.

Please be informed accordingly and kindly disseminate the information herein to investors.

 

Sincerely yours,

 

Mr. Noppol Milinthanggoon
President

 

Corporate Secretary Office
Tel. 66(0) 2794 9510 66(0) 2794 9515-6
Fax. 66(0) 2794 9929

Attachments

  • 2010-07-21_RATCH_EN.pdf (Size: 20,794 bytes)