Rojana Industrial Park Public Company Limited completed the acquisition of additional 34% minority stake in Rojana Power Co., Ltd. from KPIC Netherlands B.V. for THB 3.2 billion.
July 08, 2021
Share
Rojana Industrial Park Public Company Limited (SET:ROJNA) agreed to acquire additional 34% minority stake in Rojana Power Co., Ltd. from KPIC Netherlands B.V. for THB 3.1 billion on April 30, 2021. Transaction was funded through internal fund of THB 504 million, credit line of the debentures of Rojana Industrial Park of THB 625 million, short-term line of credit from financial institutions of THB 1,950 million. Rojana Industrial Park Public Company Limited expects to enter into the sales and purchase agreement for the ordinary shares and proceed to complete the transaction within June 2021. As per the transaction, Rojana Industrial Park Public Company Limited will acquire additional approximately 170 million shares of Rojana Power Co., Ltd. at $0.59 (THB 18.4) per share. Currently, Rojana Industrial Park Public Company Limited hold 41% stake, Nippon Steel Trading Corporation hold 20% stake and KPIC Netherlands B.V. hold 39% stake in Rojana Power Co., Ltd. After the transaction, Rojana Industrial Park Public Company Limited will hold 75% stake and Nippon Steel Trading Corporation hold 25% stake in Rojana Power Co., Ltd. As on December 31, 2020, Rojana Power Co., Ltd. generated total assets of THB 18.1 billion, revenues of THB 9.6 billion, net profits of approximately THB 720 million, total debt of THB 9.7 billion and Shareholders’ equity of THB 8.4 billion.
Rojana Industrial Park Public Company Limited (SET:ROJNA) completed the acquisition of additional 34% minority stake in Rojana Power Co., Ltd. from KPIC Netherlands B.V. for THB 3.2 billion on July 9, 2021. Rojana Industrial Park Public Company Limited now holds 75% stake in Rojana Power. Rojana Power Co., Ltd, registered to change the list of shareholders with the Ministry of Commerce.
Rojana Industrial Park Public Company Limited is a Thailand-based industrial estate development company. The Company is engaged in the development of industrial estate at Ayutthaya, Rayong and Chonburi Provinces. The Companyâs segments include Real estate sold and related service, Power plants, Water plants, and Rental services. The Companyâs projects include Rojana Ayutthaya Industrial Park, Rojana Ban Khai Industrial Park, Rojana PluakDaeng Industrial Park, Prachinburi, Bowin 1, Laem Chabang, Bowin 2, Nongyai and Ayutthaya Phase 10. Rojana Ayutthaya Industrial Park is a full-service mature industrial park, which is located in the U-Tai District. Rojana Ban Khai Industrial Park is located on the east coast of Thailand, which is approximately 32 kilometers (km) away Map Ta Phut Deep Sea Port. Rojana PluakDaeng Industrial Park is located in PluakDaeng city, Rayong province, approximately 50 km from Leam Chabang deep seaport.
Rojana Industrial Park Public Company Limited completed the acquisition of additional 34% minority stake in Rojana Power Co., Ltd. from KPIC Netherlands B.V. for THB 3.2 billion.
ROJANA INDUSTRIAL PARK 
