BANGKOK – KPN Energy (Thailand) Co., Ltd. (“KPNET”) published the Notification to Relevant Parties that it initially carried out a sale, purchase, and transfer of shares on April 25, 2559 B.E. (2016) with Mr. Kasem Narongdej, involving the shares KPNET owned in Wind Energy Holding Co., Ltd. (“WEH”), a company registered in Thailand, totaling 64,717,411 shares.
These shares bore serial numbers: 104005, 640007-690006, 11232507-27914506, 33980137-34138082, 34138087-34285503, 35817507-50000000, 50610006-50660005, 66552506-100000000, and 101089417-101089474.
Subsequently, WEH reorganized the shares, and the shares received new serial numbers as follows: 1712271 – 14567160, 22810207 – 22825035, 31068082 – 31082910, 50487053 – 50511052, 50511153 – 50535152, 50584928 – 50730927, 52677950 – 53277949, 53777950-54277949, 54277950-56604317, 53277950 – 53777949, 57693433 – 57717432, 57765720 – 57911719, 58550082 – 58574081, 58589889 – 58601888, 58604303 – 58616302, 58794163 – 58918917, 58941402 – 58944401, 58973653 – 58978202, 59007175 – 59008552, 59139913 – 59176512, 59202691 – 59251490, 59257855 – 59258030, 59264429 – 59264945, 60807781 – 61488014, 61488015 – 62168247, 62168248 – 62848482, 62848483 – 63528714, 63528715 – 92931041, 104745112, 104745113 – 104769112, 104769113-104793112, 104793113-104807552, 104807553-104809992, 104809993 – 104824432, 104824433-104848832, 104848833 – 104861032, 104861033 – 104983032, 104983033-105056232, 105056233-105146532, 105146533-105227032, 105227033-105288032, 105288033 – 105349032, 105349034 – 105452033, 105532034 – 105802033, 105902034 – 106582267, 106582268 – 107262500, 107712501 – 107912500, 107914501 – 108714500 (the “WEH Shares”).
It appears that as of 28 September 2566 B.E. (2023), the South Bangkok Criminal Court has issued a judgment in Black Case No. 1708/2564 (2021) and Red Case No. 1753/2566 (2023), stating that the aforementioned share purchase agreement was a forged document.
Consequently, the court judgment rendered all relevant juristic acts and/or the sale and purchase of the WEH Shares completely void from the beginning, as though these transactions and/or the transfer of the WEH Shares had never occurred.
This resulted in KPNET and Mr. Kasem Narongdej reverting to their original statuses. Therefore, KPNET remains the legal owner/shareholder of the WEH Shares as initially held since 25 April 2559 (2016) until the present, while Mr. Kasem Narongdej is no longer a shareholder of the WEH Shares and is not entitled to transfer the WEH Shares to anyone.
Thus, anyone who has received the WEH Shares from Mr. Kasem Narongdej, regardless of the quantity or tranches received from Mr. Kasem Narongdej and from others who have received the said WEH Shares from Mr. Kasem Narongdej, cannot benefit as a shareholder from the received WEH Shares.
KPNET, as the legal holder of the WEH Shares, hereby notifies all potential or involved parties concerning said WEH Shares, regardless of quantity, to cease all actions that could potentially infringe on KPNET’s rights and/or damage the WEH Shares immediately. Additionally, KPNET requests all potential or involved parties to refrain from any juristic acts or to nullify or withdraw any unlawful transactions that could cause damage.
In this regard, dividends or any benefits received by each individual from the WEH Shares after 25 April 2559 (2016) are considered unlawfully obtained and must be returned to KPNET, the rightful shareholder, immediately.
Announced on 5 March 2567 B.E. (2024)
KPN Energy (Thailand) Co., Ltd.
KPNET contact details:
Email: [email protected]
