Mr. Chavalit Thippavanich, Chief Executive Officer and President of Global Power Synergy Public Company Limited (GPSC), found that the company carried out direct and indirect transaction-buying transactions in the company. Glow Energy Public Company Limited of NG Global Development BV, the largest shareholder of Glow in a share of 69.11%, paid a share price of 91.9906 baht per share. It is worth about 9.3 billion assets that is already completed 14. March. Next step, the company has prepared a bid amount of 40 billion for all outstanding securities (bidding office), representing about 30.89% of all Glow shares in the remaining 30.89. On March 22, 2019, according to the Thai stock exchange regulations (SET) and the Securities Commission (SEC), it takes 25 to 45 days. The bidder is everything. Then the company will continue with the withdrawal of Glow shares from SET in one year. Or as soon as possible, by the end of this year, if there are shareholders who intend to sell Glow shares in a greater amount of 80% of the share capital
– Mr. Chavalit said. The company is also preparing to adjust its new financial structure to support Glow's $ 1.4 billion acquisition plan, and is expected to be delivered to the board meeting at the end of the second quarter of this year. It is expected to be baht in the third quarter and adjust short-term debt to long-term debt. The company used short-term credits from PTT Public Company Limited and PTT Global Chemical Public Company Limited, which is a major shareholder with a credit line of about 30 billion forints and 1 year for short-term loans from banks. 100 billion Shares to buy Glow shares This action has resulted in more than three times the debt / equity of the company (D / E) but it is expected that after the recapitalization and the short-term loan will be a long-term loan, the D / E will not be reduced. The merger will increase the company's production capacity from 1,955 megawatts to a total of 4,726 megawatts, which is the fourth largest in the country after Ratchaburi, a power holding company, the Gulf Energy Zlatni Limited and the Electricity Generating Joint Stock Company () or EGCO Group.