Energy Absolute Pcl Establishes New Subsidiary for Research and Development of Automotive Business

Energy Absolute Public Company Limited (SET:EA) announced on Friday that the company established Infinity Greener Company Limited, a new subsidiary, with registered capital of Baht 100,000 and the ordinary shares divided into 10,000 shares, with a par value of 10 BAHT per share.

The main objective of the subsidiary is to provide research and development in automotive. Source of funds came from the company’s cash flow.

The major shareholding is Mine Mobility Research Company Limited, they held 69.97% of registered capital and they are also the subsidiary of the company.