FRIDAY, March 29, 2024
nationthailand

Wind Energy to be restructured

Wind Energy to be restructured

Wind Energy Holding will undergo urgent management restructuring for its plan to list on the stock exchange and for its operations, its board decided yesterday.

The company’s major investor, Somyos Anantaprayoon, who is chief executive officer of WHA Corporation, said investment in WEH was made through a private fund managed by Asia Plus Securities. 
WEH is among companies suggested for investment by the securities house, given its bright outlook, he said, adding he did not have any personal connection with the company’s fugitive exec, Nopporn Suppipat.
Watchara Kaewsawang, another major investor, said he holds a 0.24-per-cent stake in WEH. 
Pre-initial public offering shares have been grouped into two lots. 
The first lot was sold at Bt394 a share and the second lot at Bt570 a share.
Kasikornbank says it might have to freeze a loan for WEH’s upcoming projects after major shareholder Nopporn is wanted for alleged abduction of a man to write down a debt.
KBank and Siam Commercial Bank are lenders for two wind farm projects – West Huay Bong 2, which was developed by KR 2 Co, and West Huay Bong 3 by First Koat Wind Co. 
Both companies are subsidiaries of WEH. 
The two installations are located in Nakhon Ratchasima. 
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