Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Thailand
  4. Stock Exchange of Thailand
  5. CH. Karnchang
  6. News
  7. Summary
    CK   TH0530010Z06

CH. KARNCHANG

(CK)
  Report
End-of-day quote Stock Exchange of Thailand  -  2023-01-26
22.70 THB   -2.58%
2022CH. Karnchang Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
CI
2022CH. KARNCHANG : Ex-dividend day for interim dividend
FA
2022CH. Karnchang Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

CH Karnchang : Joint Investment and Acquisition of Shares in Luang Prabang Power Company Limited

11/11/2020 | 08:31pm EST

(Translation)

No.

CK-20-0000-PO-L-0049

November 11, 2020

Re:

Joint Investment and Acquisition of Shares in Luang Prabang Power Company Limited

Attn.:

President of the Stock Exchange of Thailand

CH. Karnchang Public Company Limited (the "Company") would like to notify the Stock Exchange of Thailand that the Executive Board's Meeting No. 11/2020 on November 11, 2020 resolved to grant approval for the Company to make a joint-investment with other persons and/or legal entities which have no connection with the Company, by way of acquisition of 415,000 ordinary shares in Luang Prabang Power Company Limited ("LPCL") from PT Sole Co., Ltd. ("PTS") [a business alliance in co-development of the hydroelectric power project in the Lao People's Democratic Republic ("Lao PDR")] at its par value of USD 0.24 per share or representing 10 percent of LPCL's registered capital, in the total amount of approximately USD 99,600 or equivalent to Baht 3,137,400 (at the exchange rate of Baht 31.50 per USD) for feasibility study and development of the Luang Prabang Hydroelectric Power Project ("LPHPP") in Luang Prabang Province, the Lao PDR. In this regard, the Company is obligated to pay for the capital increase shares in proportion to its shareholding in the future when the study and development of the LPHPP is completed or clear for investment. The essence of the project information is as follows:

General Information of the LPHPP

Company Name:

Luang Prabang Power Company Limited

Business Category:

Legal entity in the category of limited company,

registered under the law of the Lao PDR

Business Nature:

Study, development, construction, production and

distribution of electricity from the LPHPP, a large-

scale run-of-river hydroelectric power plant in the

Mekong River, the Lao PDR, by raising the water level

without water diversion from the Mekong River and

without water impounding like other reservoir dams,

with the installed capacity of approximately 1,460

MW, with a yearly average production capacity of

approximately 6,854 GWh, for the concession period

1

of approximately 32 years from the Commercial

Operation Date.

Currently, the LPHPP is in process of study for project

development. Initially, the feasibility study of the

LPHPP in terms of technique, finance, and related

environmental and social impacts has been already

completed and passed through the Procedures for

Notification, Prior Consultation and Agreement

("PNPCA"). Presently, negotiations on the project's

main agreements, i.e., the Power Purchase Agreement,

the Concession Agreement, the Credit Facilities

Agreement, and the Construction Agreement, have

just begun. It is expected to gradually reach the full

completion by mid-2021.

Power Plant Location:

Located in the middle of the Mekong River, at km

2036, Luang Prabang Province (covering a distance of

approximately 25 kilometers from Luang Prabang to

the project location at Ban Houaygno).

Registered Capital and Shareholding Structure of LPCL

LPCL's registered capital is currently USD 1,000,000 (USD One Million) or equivalent to Baht 31,500,000 (Baht Thirty-One Million and Five Hundred Thousand Only) (at the exchange rate of USD 1 per Baht 31.50), with a total of 4,150,000 ordinary shares at the par value of USD 0.24 per share. As at October 31, 2020, there was a fully paid-up capital in the amount of USD 1,000,000 (USD One Million).

Pre- and Post-Transaction Shareholding Structure

Shareholders

Pre-Transaction

Post-Transaction

Share

%

Share

%

Amount

Amount

PT Sole Co., Ltd.

2,573,000

62.00

1,577,000

38.00

Petro Vietnam Power Corporation

1,577,000

38.00

415,000

10.00

CK Power Public Company Limited

-

-

1,743,000

42.00

CH. Karnchang Public Company Limited

-

-

415,000

10.00

Total

4,150,000

100.00

4,150,000

100.00

2

Such transaction neither falls within the scope of connected transaction of the Company nor is a connected transaction under the Notification of the Capital Market Supervisory Board No. ThorChor.21/2551 (2008), and upon calculation of the size of transaction on acquisition of assets, it is not required to report on information memorandum under the Notification of the Capital Market Supervisory Board No. ThorChor.20/2551 (2008).

In this regard, the aforesaid project is in the process of study for further development. The Company will keep you updated once again if there is any further progress.

Please be informed accordingly.

Very truly yours,

(Dr. Anukool Tuntimas)

Director and Executive Vice President:

Human Resource and General Administration

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CH. Karnchang pcl published this content on 12 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2020 01:30:01 UTC


ę Publicnow 2020
All news about CH. KARNCHANG
2022CH. Karnchang Public Company Limited Reports Earnings Results for the Third Quarter and..
CI
2022CH. KARNCHANG : Ex-dividend day for interim dividend
FA
2022CH. Karnchang Public Company Limited Reports Earnings Results for the Second Quarter an..
CI
2022Ch Karnchang : Payment of Interim Dividend
PU
2022CH. Karnchang Public Company Limited Announces Cash Dividend for the Period from Januar..
CI
2022Ch Karnchang Public : Resolution of the Exercise of 34 Derivative warrants issued by FSS
PU
2022Set Adds New Listed Securities : CK01C2301A to be traded on August 2, 2022
PU
2022Ch Karnchang Public : Resolution of the Exercise of 14 Derivative warrants issued by KGI
PU
2022Ch Karnchang Public : Settlement Price and Net Cash Settlement of 14 Derivative warrants i..
PU
2022CH. Karnchang Public Company Limited Announces Executive Changes
CI
More news
Financials
Sales 2022 18 040 M 550 M 550 M
Net income 2022 1 129 M 34,4 M 34,4 M
Net Debt 2022 36 883 M 1 124 M 1 124 M
P/E ratio 2022 33,0x
Yield 2022 1,24%
Capitalization 37 844 M 1 154 M 1 154 M
EV / Sales 2022 4,14x
EV / Sales 2023 3,22x
Nbr of Employees -
Free-Float 66,0%
Chart CH. KARNCHANG
Duration : Period :
CH. Karnchang Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CH. KARNCHANG
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 22,70 THB
Average target price 28,55 THB
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Plew Trivisvavet President & Director
Nattavut Trivisvavet President, Secretary & Executive Director
Rinrada Tangtrongkid Vice President-Accounting
Aswin Kongsiri Independent Chairman
Watchara Sanghattawattana Manager-Business Development
Sector and Competitors
1st jan.Capi. (M$)
CH. KARNCHANG-6.58%1 154
VINCI12.60%64 201
LARSEN & TOUBRO LIMITED3.54%37 228
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED2.58%34 433
FERROVIAL, S.A.12.01%21 858
QUANTA SERVICES5.26%21 435