BCPG Keen for New Investments Following Finalization of Asset Transaction for Two Solar Power Plants in Japan
BCPG has already completed the asset transaction for two solar power plants in Japan; Nikaho and Nagi Projects, to an Infrastructure Fund, of which the income is recognized immediately.
Mr. Bundit Sapianchai, BCPG President, 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 expenses deduction, this asset transaction will bring cash flow of no less than 11,000 Million Japanese Yen (JPY) to the Company, and after a repayment of approximately 7,000 million JPY, there will be cash in hand of over 4,000 million JPY. This is definitely in line with BCPG’s strategy to maximize benefits for shareholders by lowering Debt to Equity Ratio, stabilizing cash flow and seeking ways to gain more cash for the new growth plans both domestically and internationally”, said Mr. Bundit.