B.Grimm Power Public Company Limited (SET: BGRIM) has informed the Stock Exchange of Thailand that B.Grimm Power Future Solution Limited (BGPFS), a wholly-owned subsidiary of the company, has invested in a solar energy project in collaboration with Greenergy Holding (Thailand) Company Limited (Greenergy).
The collaboration was conducted through the subscription of newly issued shares in B.Grimm Greenery Company Limited (BGG), resulting in BGRIM and Greenergy holding 74.99% and 25.01% of the registered capital respectively.
And as BGG has a subsidiary, Moderngreen Energy Power 1 Company Limited (MGEP1), operating solar energy generation and distribution, consequently, MGEP1 becomes a subsidiary of the BGRIM.
