Asset transaction raises cash for BCPG

Corporate October 01, 2018 10:53

By The Nation

BCPG has now completed an asset transaction for two solar power plants in Japan, the Nikaho and Nagi Projects, to an infrastructure fund, allowing income to be immediately recognized immediately.



The company's president Bundit Sapianchai said that on September 28, 2018, the Company had completed the asset transaction for two solar power plants in Japan with a total production capacity of 27.53 MW; Nikaho Project (13.16 MW) and Nagi Project (14.37 MW), to an infrastructure fund in Japan.

"After deduction of expenses, this asset transaction will bring in a cash flow of no less than 11 billion Japanese Yen to the Company. Following a repayment of approximately 7 billion JPY, more than 4,000 billion JPY will remain as cash in hand of This is in line with BCPG's strategy to maximize benefits for shareholders by lowering the Debt to Equity Ratio, stabilizing cash flow and seeking ways to gain more cash for the new growth both domestically and internationally,” Bundit said.

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