178
Annual Report
2013
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
Notes to the financial statements
57
Investment in Sukhothai Energy Company Limited
At the Board of Directors meeting of Ratchaburi Energy Company Limited, a subsidiary, held on 21
January 2013, the Board approved to sell stake of Sukhothai Energy Company Limited. During the
year, such subsidiary sold the stake of 208,000 shares for Baht 100 per share, amounting to Baht 20.80
million in the proportion of 26%. In addition, the Board approved to purchase land and transfer land
improvement agreement from Sukhothai Energy Company Limited, totalling Baht 27.46 million. The
Company receive the proceed from sales of share capital on 6 February 2013 and paid for land and
land improvement on 7 February 2013.
Investment in Nava Nakorn Electricity Generating Company Limited
At the Board of Directors meeting of Nava Nakorn Electricity Generating Company Limited, a
jointly-controlled entity, held on 21 February 2013, the Board approved to increase the authorised
share capital from Baht 242 million
(comprising 24.2 million ordinary shares at par value of Baht 10
per share)
to Baht 302 million
(comprising 30.2 million ordinary shares at par value of Baht 10 per
share)
by issuance of ordinary shares totalling 6 million shares at par value of Baht 10 per share. Such
Company called for the fully paid-up share capital. The Company paid for the share capital
amounting to Baht 24 million, in the proportion of investment of 40%.
At the annual shareholder meeting of Nava Nakorn Electricity Generating Company Limited, a jointly-
controlled entity, held on 14 March 2013, the Board approved to increase the authorised share capital
from Baht 302 million
(comprising 30.2 million ordinary shares at par value of Baht 10 per share)
to
Baht 602 million
(comprising 60.2 million ordinary shares at par value of Baht 10 per share)
by
issuance of ordinary shares totalling 30 million shares at par value of Baht 10 per share. On 17 October
2013, the Board of Directors of such jointly-controlled entity called for additional paid-up share capital
of 10 million shares at Baht 10 per share. The Company paid for the share capital amounting to Baht
40 million, in the proportion of investment of 40%.
At the Board of Directors, held of 18 March 2013, approved to dispose the investment in Nava Nakorn
Electricity Generating Company Limited to Ratchaburi Electricity Generating Company Limited, a
subsidiary. As at 4 December 2013, the Company received such investment amounting to Baht 160.80
million.
Investment in Solar Power (Korat 3) Company Limited
At the extraordinary shareholders’ meeting of Solar Power (Korat 3) Company Limited, a jointly-
controlled entity, held on 7 June 2013, the shareholder approved to increase the authorised share
capital from Baht 162.50 million
(comprising 16.25 million ordinary shares at par value of Baht 10
per share)
to Baht 188.75 million
(comprising 18.875 million ordinary share at par value of Baht 10
per share)
by issuance of ordinary shares totalling 2.625 million shares at par value of Baht 10 per
share. Such jointly-controlled entity called for the share capital at Baht 6 per share amounting to Baht
6.30 million, in the proportion of investment of 40%. As at 31 December 2013, the Company had
commitment for the remaining unpaid share capital of Baht 4.20 million.
otes to the financial statements
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
