January 24, 2024
In 2023, Hunton Andrews Kurth LLP’s Bangkok office represented Banpu NEXT Co., Ltd., (“BNEXT”) the net-zero solutions provider and clean energy investment arm of Thai stock exchange-listed Banpu Plc. (BKK: BANPU), in BNEXT’s series of strategic investments throughout Southeast Asia to advance Banpu’s commitment to achieving net-zero emissions. The investments were made through BNEXT itself and, in some cases, through BPIN Investment Company Limited, a Mauritian subsidiary of BNEXT. These investments are:
Hunton Andrews Kurth assisted with the due diligence exercise on DPH, its subsidiaries in Singapore and PRC and the Suzhou factory, the documentation and negotiation of the Subscription Agreement, the Amended and Restated Shareholders’ Agreement and the Deed of Undertaking, and the closing of the transaction. The closing occurred on February 23, 2023.
Hunton Andrews Kurth provided centralized service for the extensive legal due diligence on Oyika, its Singapore R&D and operating subsidiaries, operating subsidiaries in Cambodia, Indonesia, Malaysia and Thailand, including their battery swap assets and contracts. Hunton Andrews Kurth also assisted with the documentation and negotiation of the Subscription Agreement, the Amended and Restated Shareholders Agreement and other transaction documents. The closing occurred on April 18, 2023.
Bangkok’s energy and infrastructure team led by partner Chumbhot (Arm) Plangtrakul represented BNEXT on these underpinned transactions. Along with Arm, senior associate Sudarat (Deuce) Sattayakawee, and other associates Jitranut (Faye) Narkmai, Thaphanut (KJ) Vimolkej and Chartthai (M) Sutthapas contributed substantively to the overall workstreams of the transactions.