Global Power Synergy Public Company Limited (SET: GPSC) has informed the Stock Exchange of Thailand that on 5 September 2025, the company entered into a share purchase agreement to acquire shares of Ratchaburi Power Company Limited (RPCL), an Independent Power Producer (IPP) with an installed capacity of 1,400 megawatts.
This transaction was made through the right to acquire additional ordinary shares on a pro-rata basis from Chubu Electric Power Company International B.V. and Toyota Tsusho Corporation (existing shareholders), totaling 6,867,187 shares, representing 9.375% of the total issued and paid-up shares of RPCL.
The aggregate purchase value is approximately $14.25 million (equivalent to approximately THB 470.25 million, at the exchange rate of THB 33 per USD). After the completion of this share purchase transaction, the company will hold a total of 17,854,687 shares in RPCL, representing 24.38% of the total issued and paid-up shares (increasing from the previous 15%).
The completion of the share purchase transaction shall be subject to the fulfillment of all conditions precedent as stipulated in the share purchase agreement. Upon completion of the transaction, RPCL will change its status from an investment in equity instruments measured at fair value through other comprehensive income to an associate of the company.
This share purchase transaction is in line with the company’s strategic plan to restructure its investment portfolio to ensure appropriateness and alignment with its business direction, focusing on companies that can generate additional value from assets, thereby maximizing long-term benefits to the company and its shareholders
