On June 10, Banpu Public Company Limited (SET: BANPU) announced the board of directors’ resolution regarding the planned amalgamation with Banpu Power Public Company Limited (SET: BPP). A joint shareholders’ meeting between BANPU and BPP shareholders is set for July 21, 2026, at 1:30 p.m. via e-meeting to discuss the new company details arising from the merger.
Key agenda items include approval of the new company’s name, objectives, registered capital, number of shares, par value, share allocation, company regulations (articles of association), board member appointments, auditor selection, and other merger-related matters. The meeting will also set the book closing date for shareholder eligibility to receive shares in the new company on July 21.
Sinon Vongkusolkit, Chief Executive Officer of BANPU, stated that this merger is a critical step for Banpu Group to enhance asset management, capital allocation, and portfolio management capabilities. This strategic move is aimed at driving BANPU’s sustainable growth potential, and all shareholders are invited to join and help shape the company’s new chapter.
The new company to be proposed at the joint meeting will continue to use the name “Banpu Public Company Limited” and keep the “BANPU” stock symbol, highlighting the company’s longstanding reliability, relationships, and trust across all stakeholders. Retaining the brand and vision underlines the company’s continuity, strength, and ongoing commitment to diversified energy growth, with human resources and technology as core drivers.
Additionally, BANPU and BPP will apply to the Stock Exchange of Thailand to suspend trading of BANPU and BPP shares for ten business days, from July 17 to August 3, 2026, to prepare for new share allocation and related steps to list the shares of the newly amalgamated company on the Stock Exchange of Thailand.
