en.Wedoany.com Reported - B.Grimm Greenery Company Limited (BGG), a subsidiary of B.Grimm Power Public Company Limited, has acquired all shares of Future Green Tech Company Limited (FGT) to expand its investment in solar power projects.

B.Grimm Power holds 74.99% of BGG's shares. BGG acquired all shares of FGT from an unrelated party, Greenergy Holding (Thailand) Company Limited, for a total consideration of 500,000 Thai Baht. FGT operates as a holding company and holds all shares of several subsidiaries engaged in power generation and distribution. These subsidiaries include a group of companies each with a registered capital of 60 million Thai Baht, and another group of companies each with a registered capital of 50,000 Thai Baht.

Following the completion of this acquisition, all subsidiaries under FGT will become indirect subsidiaries of B.Grimm Power, which will strengthen the company's renewable energy portfolio and support its long-term growth in the solar energy sector. The acquisition was funded from BGG's working capital, in line with its strategic goal of expanding investments in renewable energy assets.

B.Grimm Power stated that the transaction is not a related-party transaction and does not constitute a major asset acquisition as defined by the Capital Market Supervisory Board and the Stock Exchange of Thailand, and therefore does not require additional disclosure as a major asset acquisition. The company disclosed the acquisition in accordance with the reporting requirements of the Stock Exchange of Thailand, as the acquisition resulted in these companies becoming subsidiaries of a listed entity.

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