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EA Renewable acquires shares in TF Tech

Dec 12. 2019
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Energy Absolute subsidiary, EA Renewable has acquired 40 per cent of the increased share capital of TF Tech Company Limited (TF Tech), the associate company of Thai Foods Group (TFG), according to EA’s filing to the Stock Exchange of Thailand today (December 12).

The transaction was approved by the EA board on November 8. 

TFG owns the other 40 per cent in TF Tech, which has registered capital of Bt200 million.

TF Tech aims to install floating solar panels in order to generate and sell the electricity to TFG and the companies in its group

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