SPCG Public Company LimitedNew investor group acquires 57.46% stake and plans tender offer, signaling potential value creation.
SPCG shares closed the morning session at 10.60 baht, up 0.65 baht or 6.53%, after the company announced a change in its major shareholder structure and an acquisition. A group led by Dr. Wandee Khunchornyakong Juljarern, together with Kyocera Corporation and other shareholders, sold a total of 606,690,726 shares, representing 57.46% of all shares, to a new investor group led by Mr. Worasit Phokhaichaiyaphat, together with JRT Green Energy Company Limited, Premia Global Limited, and Premia Global Thai Company Limited. The buyers plan to make a tender offer for all securities at 9.11 baht per share and confirmed they have no plan to delist SPCG from the stock exchange, while continuing to focus on the existing core business. Even though the share price on the board has risen above the tender offer price, this reflects that investors expect new developments and added value under the new investor group's management, rather than merely selling shares for profit at the tender price.
SPCG Public Company LimitedNew investor group acquires 57.46% stake and plans tender offer, signaling potential value creation.
Kyocera sold its stake as part of the transaction, but impact on its operations is not detailed.
JRT Green Energy is part of the acquiring group, gaining control of SPCG.
Premia Global Limited is part of the acquiring group, gaining control of SPCG.
Premia Global Thai is part of the acquiring group, gaining control of SPCG.