Banpu Power Public Company Limited (SET: BPP) announced on November 28, 2022, that on the board of directors meeting No.11/2022 held on November 25,2022, has resolved to approve the entering into the total of 4 connected transactions between the Company group and the group company of Banpu Public Company Limited (SET: BANPU) the company’s major holding by 78.66%.
- Approval of the entering into the Administrative Services Agreement between BKV-BPP Power LLC (a subsidiary) holding 50%, as a service receiver and BKV Corporation, held 96.12% (a subsidiary), as a service provider, with the value of remuneration in the amount of THB 101,743,525.21.
- Approval of the entering into the Management Service Agreement between Banpu Investment (China) Co., Ltd., (a subsidiary) as a service provider and 3 subsidiaries of the company, as a service receiver, with the value of remuneration in the amount of THB 102,521,806.84.
- Approval of the entering into the Supporting Service Agreement as a service receiver, between the company and Banpu Japan KK (a subsidiary), as a service provider, with the value of remuneration in the amount of THB 1,718,720.00.
- Approval of the entering into the Receiving & Providing Financial Assistance Agreement
4.1. The Short-Term Loan Agreement of Temple Generation I LLC (a subsidiary) with the value of remuneration in the amount of THB 35,443,045, as a “Financial Assistance Receiver” to receive the financial assistance from BKV Corporation, held 96.12% (a subsidiary), as the “Financial Assistance Provider”.
4.2 The Short-Term Loan Agreement of Banpu Power US Corporation (a subsidiary), with the value of remuneration in the amount of THB 414,513,045, as the “Financial Assistance Provider” to provide the financial assistance to Temple Generation I LLC.