2023-08-17 11:22:00
Mr. Auttapol Rerkpiboon, President and Chief Executive Officer, PTT Public Company Limited or PTT, revealed that according to the Board of Directors of Arun Plus Company Limited (Arun Plus) (a subsidiary in which PTT indirectly holds 100 shares) %) At the meeting No. 8/2023 on August 16, 2023, it was resolved to approve Arun Plus to sign a joint venture agreement. and established a joint venture with Kwang Yang Motor Co., Ltd. (KYMCO) and KYMCO CAPITAL PRIVATE EQUITY MANAGEMENT Co., Ltd. (KC) (a subsidiary in which KYMCO holds shares) on behalf of AIONEX Co., Ltd. (Aionex) with a registered capital of no more than 600 million baht.
Arun Plus, KYMCO and KC hold 51%, 29%, and 20% of the shares, respectively, to operate the business of selling and manufacturing two-wheeled electric vehicles, including providing battery replacement services for two-wheeled electric vehicles.
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