23 February 2011
OneEnergy Thailand Ltd.-Change of its Major Shareholder
Electricity Generating Public Company Limited ("EGCO") would like to inform the
Stock Exchange of Thailand ("SET") that we have been notified by our major
shareholder, OneEnergy Thailand Ltd. ("OneEnergy"), holding 23.49 per cent of
the total issued share capital of the Company, that CLP Holdings Limited would
divest its approximately 50% effective interest in OneEnergy while Tokyo
Electric Power Company ("TEPCO") will be joining Mitsubishi Corporation ("MC")
as its 50:50 partner. TEPCO is the largest electric power company in Japan and
the largest privately owned electric utility in the world. TEPCO aims to promote
further development of Thailand's electricity sector in accordance with its
plan to prioritize overseas business to stimulate future core growth and to make
a global impact in the creation of low-carbon societies.
Such ultimate shareholder change does not require TEPCO to do the tender offer
and EGCO still confirms our business vision to be the leading Thai integrated
power company which provides electricity generation and comprehensive energy
services. With the corporate philosophy to grow business over the long term,
EGCO Group efficiently runs our electricity generating business while taking
care of the environment and the society to maintain the balance between economic
returns and social and environment contribution which will lead to national
sustainable development. Investors can read CLP's disclosure on this transaction
from its website at www.clpgroup.com.
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