Mr. Somkiat Masunthasuwun, Chief Executive Officer of WHA Utilities & Power Public Company Limited (SET: WHAUP), revealed that the company had established a new joint venture named “WHA Daiwa Solar Company Limited” to expand its investment in the solar business.
As for its shareholding structure, WHAUP holds 51% of its shares, while DH Asia Investment PTE. LTD holds the remaining 49%.
Furthermore, this joint venture has a registered capital of THB5 million with an ordinary share capital of 500,000 shares at a par value of THB10 each.
The purpose for this joint venture is to invest in and develop solar businesses, which is part of WHAUP’s strategy to expand clean energy and promote sustainability.
