The share price of Banpu Public Company Limited (SET: BANPU) rose to THB 5.55, up THB 0.15 or 2.78%. Meanwhile, Banpu Power Public Company Limited (SET: BPP) shares were at THB 11.50, up THB 0.20 or 1.77%. The share prices of both companies increased in response to news regarding progress on the merger.
BANPU announced the resolutions from the Extraordinary General Meeting of Shareholders No. 1/2026, which was held on January 29, 2026. The key resolution approved the merger transaction between BANPU and BPP under the provisions of the Public Limited Companies Act. This action will result in both companies losing their legal entity status, and a new public company will be established to take over all assets, rights, duties, and responsibilities of both companies by operation of law. This agenda item was approved by an overwhelming vote of 4,106,266,704 votes, or 99.8999% of the total votes of the shareholders present and eligible to vote.
Additionally, the shareholders’ meeting approved an increase in the registered capital of the company from 10,018,902,725 baht to 10,018,902,730 baht by issuing five new ordinary shares at a par value of 1.00 baht each. This is to accommodate a private placement to Mr. Sinon Vongkusolkit.
