Global Power Synergy Public Company Limited (SET:GPSC) signed a letter of intent to acquire the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited for approximately THB 1.3 billion on December 11, 2023. As of January 9, 2024, Global Power Synergy Public Company Limited (SET:GPSC) entered into share purchase agreement to acquire the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited. GRP will become the Company?s subsidiary once the acquisition of shares in GRP is completed. Upon completion of the certain conditions precedent or such conditions precedent being waived in writing by the relevant parties. The significant conditions precedent include the following (i) The relevant government agency has approved GRSC to purchase the sale shares from PTTGM (ii) No material adverse event affecting the assets, financial position, or the business of GRP and/or GRP?s subsidiaries have occurred. The transaction is expected to close second quarter of 2024. The transaction has been approved bye the board of Global Power Synergy Public Company Limited (SET:GPSC).

Global Power Synergy Public Company Limited (SET:GPSC) completed the acquisition of the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited on October 16, 2024.