News Detail

Date/Time
02 Apr 2020 17:58:00
Headline
Investment in four projects of Solar Power Plant Project in Vietnam, with total installed capacity of 750 megawatts - Edit in English PDF files
Symbol
SUPER
Source
SUPER
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                Acquisition or disposition of assets

(Translation)
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Ref: Bor Jor. 008/2020
                            March 25, 2020

Subject:  Investment in four projects of Solar Power Plant Project in Vietnam, 
with total installed capacity of 750 megawatts

To:     President
    The Stock Exchange of Thailand

According to the resolution of the Board of Directors' Meeting No. 4/2020 of 
Super Energy Corporation Public Company Limited ("The Company" or "SUPER") held
on March 25, 2020, the Meeting has approved the investment in the solar power
plant project by a subsidiary of the company in Vietnam, four projects with
total installed capacity of 750 megawatts. With the total transaction value not
exceeding USD 456,700,000 or not over Baht 14,614,400,000*
Note: * Exchange rate USD 1 = Baht 32

The transaction is considered as an acquisition of assets. The size of the 
transaction is calculated by the total value of consideration was 26.23 percent
when including the value of transactions of the same type in the past 6 months,
a total value of transaction equal to 33.45 percent by considering from the
company's consolidated financial statements as of  December 31, 2019,  which
shall be classified as Acquisition of Assets Type 2, as stipulated in the
Notification of the Capital Market Supervisory Board No. TorChor. 20/2008  Re:
Rules on  entering into Material Transactions Deemed as Acquisition or Disposal
of Assets (as amended), and the Notification of the  Board of Governors of the
Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of
Listed Companies Concerning the Acquisition of Disposition of Assets, B.E. 2004
(as amended)  ("the Acquisition or Disposal of Assets Notifications").  In order
to enter into the Disposal of Assets Type 2 pursuant to the Acquisition or
Disposal Assets Notifications, the Company shall have the following duties:-

(1)    To disclose information on the disposal of assets to the Stock Exchange of 
Thailand;
(2)    Send letter of notification to shareholders regarding the assets disposition
of the Company and its subsidiaries within 21 days from the date of the Company
informs to the Stock Exchange of Thailand according to the Notification on
Acquisition or Disposal of Assets.

Transaction on Acquisition of Assets by investing in a solar power plant a 
subsidiary of the company in Vietnam, four projects with total installed
capacity of 750 megawatts. Details are in the Information Memorandum on
Acquisition and Disposition of Assets. (Attachment 1)


Please be informed accordingly.


Yours Sincerely,



(Mr. Jormsup Lochaya)
Chairman of the board
______________________________________________________________________
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of the information and related documents of listed company or issuer to the
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