The share price of Univentures Public Company Limited (UV) edged ฿0.24/share or 7.55% to ฿3.42/share with a trading value of 87 million baht as of 11:11 local time in Thailand.
The increase in share price of UV might be due to the announcement this morning that BGRIM has invested in Univenture BGP Co., Ltd. (UVBGP), a subsidiary of Univentures Public Company Limited (UV), with the purpose to invest, develop, manage and operate energy projects together with UV.
In this respect, BGRIM will acquire 2,250,000 newly issued ordinary shares in UVBGP with the par value of THB 10 each at the subscription price of THB 10 each, totaling THB 22,500,000. UVBGP completed the registration of the capital increase with the Department of Business Development on the same day.
The increase of UVBGP’s registered capital results in BGRIM and UV respectively holding 45 percent and 55 percent of the total number of voting shares in UVBGP.
UV expected the expansion of the company’s investment into the energy business, in addition to its real estate business, will help generate recurring income for UV. Furthermore, being a business alliance with BGRIM, a leading company with experience and expertise in the energy business, will increase the business potential and strength of the company’s group in the future.