Siam Gas and Petrochemicals Public Company Limited, or SGP, announced that its subsidiary SIAMGAS POWER PTE. LTD. has completed the acquisition of additional ordinary shares in Myanmar Lighting (IPP) Co., Ltd. As a result, its shareholding in the company has increased from 41.1 percent to 46.0 percent of the registered and paid-up capital. This additional purchase of a 4.9 percent stake was registered for shareholder change on 11 June 2026 and received approval from the investment promotion agency on 21 July 2026. Previously, SPW had completed the purchase of additional shares in Asiatech Energy Pte. Ltd. and Ruamur Pte. Ltd. in the same proportion on 13 June 2025, completing the acquisition of shares in all three power plant companies in Myanmar.
Siamgas and Petrochemicals Public Company LimitedSGP increased its stake in a Myanmar power plant to 46%, signaling strategic expansion and control.