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Global Power Synergy Public Company Limited Acquires Stake in Ratchaburi Power Company Limited

Strategic Insights

— 1 min read

Global Power Synergy Public Company Limited has announced the acquisition of a 9.375% stake in Ratchaburi Power Company Limited, a 1,400-megawatt independent power producer. The transaction involves the purchase of 6,867,187 shares from Chubu Electric Power Company International B.V. and Toyota Tsusho Corporation for approximately USD 14.25 million. This acquisition aligns with the company's strategic plan to restructure its investment portfolio and maximize long-term benefits.

Key Takeaways:

  • Global Power Synergy Public Company Limited has acquired a 9.375% stake in Ratchaburi Power Company Limited through the purchase of 6,867,187 shares.
  • The aggregate purchase value is approximately USD 14.25 million (equivalent to approximately THB 470.25 million).
  • The acquisition is in line with the company's strategic plan to restructure its investment portfolio and ensure appropriateness and alignment with its business direction.
  • The Company's consolidated financial statements as of 30 June 2025 show that the transaction size is less than 15% of the GPSC's net tangible assets (NTA).
  • Accordingly, GPSC is not required to disclose information of this transaction to the Stock Exchange of Thailand.
  • The acquisition will change RPCL's status from an investment in equity instruments measured at fair value through other comprehensive income to an associate of the Company.

Statistics:

  • 1,400 megawatts: Installed capacity of Ratchaburi Power Company Limited.
  • 6,867,187 shares: Number of shares purchased by Global Power Synergy Public Company Limited.
  • 9.375%: Percentage of total issued and paid-up shares of Ratchaburi Power Company Limited owned by Global Power Synergy Public Company Limited after the completion of this Share Purchase Transaction.
  • 17,854,687 shares: Total number of shares held by Global Power Synergy Public Company Limited in Ratchaburi Power Company Limited after the completion of this Share Purchase Transaction.
  • 24.38%: Percentage of total issued and paid-up shares of Ratchaburi Power Company Limited owned by Global Power Synergy Public Company Limited after the completion of this Share Purchase Transaction.
  • USD 14.25 million: Aggregate purchase value of the shares purchased by Global Power Synergy Public Company Limited.
  • THB 33 per USD: Exchange rate used for converting USD to THB.

Sources:

  • https://www.set.or.th/en/home

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