KGEN welcomes RWI as 7.68% shareholder, pushes ahead with EV supply chain, targets 40,000 vehicles produced by year-end

Corporate ActionM&A · Partnership
โดย ทันหุ้น·TH·Read original
Summary · why it matters

King Gen Public Company Limited, or KGEN, disclosed that Rayong Wire Industries Public Company Limited, or RWI, has taken a stake in KGEN through a private placement subscription of newly issued ordinary shares worth no more than 250 million baht, at a price of no more than 1.35 baht per share, representing approximately 7.68% of the shares after the capital increase, with total investment of no more than 252 million baht. RWI will also receive the right to subscribe to KGEN-W3 warrants in proportion to its existing shareholding, worth no more than 2 million baht. The maximum transaction size of 24.67% qualifies as a Type 3 transaction, which requires approval from a shareholders' meeting by a vote of no less than three-quarters. An extraordinary shareholders' meeting, the first of 2026, has been scheduled for Thursday, October 22, 2026. Khanit Sivachiraprapha, Chairman of the Advisory Board of KGEN, said the partnership will strengthen the domestic supply chain for automotive parts production, in line with the policy of increasing the use of locally made parts in electric vehicle production under cooperation with the CHERY brand. RWI specialises in the production of cold-drawn steel, which is used to make automotive parts. KGEN has so far produced 20,000 vehicles, with EV production capacity of approximately 5,000 vehicles per month, and expects capacity to rise by another 15,000 to 20,000 vehicles in the final three months of the year, bringing total production for the year to around 40,000 vehicles. Year-end bookings are expected to accelerate on the back of the Motor Expo in December, where two to three new electric vehicle models will be unveiled. The company has also signed an agreement to support a transport fleet for J&T Express, including the use of electric pickup trucks for deliveries of no more than 400 kilometres.

Impact on stocks 3

Communication Services▲ · 1 stocks
King Gen PCL
KGEN
▲ PositiveCapitalDemandrelevance

RWI takes a 7.68% stake via a private placement of newly issued shares worth up to 250 million baht, strengthening KGEN's capital.

Materials▲ · 1 stocks
Industrials▲ · 1 stocks
J&T Global Express Ltd
1519
▲ PositiveDemandrelevance

KGEN signed an agreement to support a transport fleet for J&T Express, including the use of electric pickups.

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