Right Tunnelling Public Company Limited (SET: RT) has informed the Stock Exchange of Thailand that the company has incorporated a new subsidiary on February 23, 2026. The details are as follows:
RT Geothermal Company Limited was established to engage in geothermal energy, groundwater, and district cooling businesses, as an extension of the company’s core business in rock and soft ground tunnelling, and underground tunnelling works, including joint investments with domestic and international partners in order to expand the business to accommodate market changes and create future business opportunities.
The subsidiary has a registered capital of THB 4 million divided into 40,000 ordinary shares with a par value of THB 100 per share, of which RT held 100% of the subsidiary shares.
