Global Power Synergy Public Company Limited (SET: GPSC) has informed the Stock Exchange of Thailand that GPSC’s Board of Directors has approved Global Renewable Power One Co., Ltd. (GRP1), a wholly owned subsidiary which holds 90% of the total issued and paid-up shares in Sheng Yang Energy Company Limited (SYE), through Global Renewable Power Company Limited (GRP), to enter into Share Purchase Agreement to dispose of all ordinary shares held by GRP1 in SYE to Formosa Electric Industrial Inc. (FEii).
SYE operates solar power generation businesses with a total installed capacity of 55.77 megawatts in more than 250 sites across the Republic of China (Taiwan). The total value of this disposal investment is approximately NT$ 572.5 million. The share purchase agreement is targeted to be signed within the second quarter of 2026.
The completion of the share disposal transaction of SYE to FEii will be completed upon all conditions precedent under the SYE share purchase agreement which is targeted to be completed within 2026. Upon completion, SYE will not be a GPSC group’s subsidiary.
This transaction is undertaken as part of the GPSC’s strategic portfolio rebalancing plan, ensuring alignment with its long-term business strategy while optimizing the efficiency of investment portfolio management and maximizing asset value for the benefit of GPSC and its shareholders.
Furthermore, GPSC remains committed to pursuing investment opportunities that generate value, while continuing to maintain the growth direction of its clean energy investment portfolio in alignment with the GPSC’s sustainability goals and its target to achieve net zero greenhouse gas emissions by 2050.
