Bangkok: ETTH26, a solar power producer, is set to commence trading on the LifeExchange Stock Exchange (LiVEx) starting January 30th. The LifeExchange Stock Exchange is preparing to welcome Energy Thai Trading Hub Public Company Limited (ETTH26) on board, marking a significant milestone for the solar power industry in the region.
According to Thai News Agency, Mr. Prapan Chareonprapat, Manager of LiVEx, expressed enthusiasm as ETTH26 joins the exchange under the ticker symbol 'ETTH26'. This development signifies the completion of ETTH26's preparation phase on the LiVE Platform, designed to enhance entrepreneurial capabilities and readiness. ETTH26 is engaged in providing solar power generation systems through three distinct business models: Power Purchasing Agreements (PPA), Engineering, Procurement, and Construction (EPC) services for solar panel installation, and civil engineering services for infrastructure development. The company primarily serves educational institutions, hospitals, and medium-to-large businesses.
ETTH26 has a paid-up capital of 108.7 million baht, comprising 100 million existing shares and 8.7 million newly issued shares, each valued at 1.00 baht. The capital increase, set for an initial public offering (IPO) on January 23, 2026, at 3.75 baht per share, aims to raise 32.64 million baht. This would place ETTH26's market capitalization at 407.64 million baht. Beyond Securities Public Company Limited is the lead underwriter for the IPO.
Mr. Rakthai Burapapark, CEO of ETTH26, highlighted the company's dedication to providing renewable energy and environmental solutions to bolster energy security through sustainable practices. The raised funds will primarily be used for investments in PPA projects, debt repayment, and working capital. ETTH26's strategic focus includes solar power and internal energy storage systems to support sustainable business growth and future energy transitions.
The shareholder structure post-IPO will include ARK Strategic Holdings Co., Ltd. with 22.08%, Chanyakorn Holdings Co., Ltd. with 10.12%, and Mr. Rakthai Burapakul with 9.97%. ETTH26 has committed to a dividend policy, distributing at least 50% of net profit to shareholders after necessary deductions, in line with legal and regulatory requirements.