EP Gains 7% in Anticipation of Additional Investing in SSUT

The share price of Eastern Power Group Public Company Limited (EP) rose ฿0.40/share or 6.78% to ฿6.30/share in the morning session on Wednesday, June 23, with a trading value of 98 million baht. 

EP’s share price increased following reports that EP Chairman Mr. Yuth Chinsupakul stated in an interview with “Kaohoon Turakij” that this year’s revenue and earnings are predicted to grow exponentially compared to the previous year as a result of the overwhelming demand in printing, packaging, and energy business.

Additionally, the company is preparing to propose a proposal to the Extraordinary General Meeting of Shareholders on August 4, 2021 for approval to invest 40% in SSUT Company Limited’s (SSUT) cogeneration power plant project, with a total value of about 2,100 million baht. This will result in increased production capacity starting in 3Q21 and is estimated to