QTC Energy Public Company Limited (SET: QTC) has informed the Stock Exchange of Thailand of the resolution from the Board of Directors Meeting No. 3/2025, held on May 8, 2025.
The Board of Directors approved QTC Global Power Company Limited (a subsidiary) to acquire newly issued ordinary shares of QTC ESS Company Limited for an investment of THB 10,400,000.
This investment comprises THB 8,400,000 for the newly issued ordinary shares at a price of THB 100 per share, and a share premium of THB 2,000,000.
QTC Global Power signed the joint venture agreement with Grid Flex Technologies Company Limited on June 30, 2025. Following this transaction, QTC Global Power (a subsidiary) will hold a 60% stake in QTC ESS.
The purpose of this acquisition is to operate in the battery business, including promoting comprehensive services in the alternative energy business.
