NEX’s Shareholders Approve an Allocation of 40% Stake to EA, Paving the Way for “EV Bus”

Nex Point Public Company Limited (NEX) has announced the resolution of the Extraordinary General Meeting of Shareholders No. 2/2020, held on July 10, 2020, in allowing EA to hold a total of 40% in NEX ordinary shares.

 

Last Friday, the meeting considered and approved the increase of NEX’s registered capital from the previous registered capital of 827,833,514 baht to the new registered capital of 1,897,833,514 baht by issuing new ordinary shares in the amount of 1,070,000,000 baht, with a par value of 1.00 baht per share, to be offered to private placement.

 

The newly issued shares will be allocated to a private placement as follows;

1) Allocated to EA Mobility Holding Company Limited, a subsidiary of Energy Absolute Public Company Limited (EA), not more than 670,000,000 shares at the offering price of 2.20 baht per share, equivalent to not more than 1,474,000,000 baht.

2) Allocated to Mr. Khanist Srivajiraprabha not more than 300,000,000 shares at the offering price of 2.20 baht per share, equivalent to not more than 660,000,000 baht.

3) Allocated to Mr. Boon-aue Chitthanom, not exceeding 100,000,000 shares, at the offering price of 2.20 baht per share, equivalent to not exceeding 220,000,000 baht.

 

In addition, the Extraordinary General Meeting of Shareholders also considered and approved the waiver of the tender offer for all securities of the business by virtue of the resolution of the shareholders’ meeting (Whitewash) to EA Mobility Holding Company Limited in accordance with the announcement of Securities and Exchange Commission at SorBorKhor. 29/2561.

 

NEX stated that the arrival of EA would help NEX in becoming a leading provider of electronics vehicle bus (EV Bus) in no time due to EA’s profession in renewable energy and its know-how in battery for vehicles.