Energy Absolute Public Company Limited (EA) reports to the Stock Exchange of Thailand (SET) of the establishment of EA Con Dao (SG) Pte. Ltd, a new subsidiary in Singapore, due to EA’s investment in shares for more than 10% of registered capital of other entity.
The registered capital is 10,000 SDG or 244,780 THB (as of ROE available on 21st August 2018 : ฿24.478 /SDG 1) divided in to 10,000 ordinary shares with par value of SDG 1. EA uses its own cash flow’s as a source of fund, and will hold 95% of registered capital. This subsidiary is established to work on investment in renewable energy.