Chaiwatana Green to increase Advance Power shareholding
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Chaiwatana Tannery Group Plc’s board of directors has approved its subsidiary Chaiwatana Green Power Co Ltd (CWTG) acquiring additional shares of its associate Advance Power Conversion Co Ltd (APCON) through a subsidiary
APCON has a resolution to increase its registered share capital from Bt700 million to Bt1.05 billion by issuing new ordinary shares worth Bt3.5 million with a par value of Bt100 per share. The offering is to existing shareholders proportionally.
The company has approved CWTG subscribing for its capital-increase shares proportionally.
By subscribing for the newly issued ordinary shares, there will be 175,000 shares with a total value of Bt17.50 million.
CTWG is slated to pay for the additional ordinary shares this month.
