RATCH Approves ฿8M. to Establish 2 New Subsidiaries to Invest in PP Project Development

RATCH Group Public Company Limited (RATCH) has notified the Stock Exchange of Thailand and investors of an establishment of a new subsidiary company Hin Kong Power Holding Company Limited (HKH), which RATCH’s wholly owned subsidiary. Thereafter, HKH will prepare to establish Hin Kong Power Company Limited (HKP), which will fully hold by HKH, within May 2019. These transactions are in order to prepare for investment in power plant project development for the company’s Group.

The two aforementioned subsidiaries will be located at 8/8 Moo 2 Ngam Wong Wan Road, Bangkhen Sub-district, Muang Nonthaburi District, Nonthaburi Province. Each company’s registered capital will be THB 4,000,000 divided into 400,000 ordinary shares, valuing at THB 10 each a fully paid.