Upcoming Dividend • Apr 22
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: ฿0.17 (vs ฿0.11 in FY 2024) Full year 2025 results: EPS: ฿0.17 (up from ฿0.11 in FY 2024). Revenue: ฿747.2m (down 5.6% from FY 2024). Net income: ฿91.7m (up 44% from FY 2024). Profit margin: 12% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Declared Dividend • Mar 04
Dividend of ฿0.08 announced Shareholders will receive a dividend of ฿0.08. Ex-date: 29th April 2026 Payment date: 15th May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 95% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Mar 03
Eason & Co Public Company Limited announces Annual dividend, payable on May 15, 2026 Eason & Co Public Company Limited announced Annual dividend of THB 0.0497 per share payable on May 15, 2026, ex-date on April 29, 2026 and record date on April 30, 2026. Annonce • Mar 02
Eason & Co Public Company Limited, Annual General Meeting, Apr 22, 2026 Eason & Co Public Company Limited, Annual General Meeting, Apr 22, 2026, at 10:00 SE Asia Standard Time. Location: multipurpose building, eason & co, public company limited, 312, 402/3-6 phaholyothin 32, chankasem, chatuchak, bangkok Thailand Board Change • Feb 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Tharapong Vitidsant was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buy Or Sell Opportunity • Nov 15
Now 21% overvalued Over the last 90 days, the stock has fallen 4.0% to ฿1.20. The fair value is estimated to be ฿0.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.033 (vs ฿0.042 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.033 (down from ฿0.042 in 2Q 2024). Revenue: ฿187.7m (down 7.7% from 2Q 2024). Net income: ฿18.5m (down 23% from 2Q 2024). Profit margin: 9.8% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.034 (vs ฿0.037 in 1Q 2024) First quarter 2025 results: EPS: ฿0.034 (down from ฿0.037 in 1Q 2024). Revenue: ฿181.1m (down 3.7% from 1Q 2024). Net income: ฿19.4m (down 8.0% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • May 14
Eason & Co Public Company Limited (SET:EASON) announces an Equity Buyback for 56,676,494 shares, representing 10% for THB 56 million. Eason & Co Public Company Limited (SET:EASON) announces a share repurchase program. Under the program, the company will repurchase up to 56,676,494 shares, representing 9.7% of its issued share capital, for THB 250 million. The repurchase price must not exceed 115% of the average closing share price of five business days prior to each repurchase date. The purpose of the program is to manage the efficiency of the company's liquidity and enhance the return on equity (ROE) and earning per share and company's prosperous financial and future prospective confidence. The program will run through November 18, 2025. As of March 18, 2025, the company had 566,764,945 shares in outstanding. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.06 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (3.7%). Declared Dividend • Mar 02
Dividend increased to ฿0.06 Dividend of ฿0.06 is 20% higher than last year. Ex-date: 7th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 55% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: ฿0.11 (vs ฿0.22 in FY 2023) Full year 2024 results: EPS: ฿0.11 (down from ฿0.22 in FY 2023). Revenue: ฿824.1m (up 9.4% from FY 2023). Net income: ฿63.9m (down 48% from FY 2023). Profit margin: 7.7% (down from 16% in FY 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (9.7% net profit margin). Market cap is less than US$100m (฿634.8m market cap, or US$18.5m). New Risk • Nov 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.4% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.4% net profit margin). Market cap is less than US$100m (฿646.1m market cap, or US$18.7m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ฿0.028 (vs ฿0.088 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.028 (down from ฿0.088 in 3Q 2023). Revenue: ฿204.9m (up 18% from 3Q 2023). Net income: ฿14.5m (down 71% from 3Q 2023). Profit margin: 7.1% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿1.02, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Chemicals industry in Thailand. Total loss to shareholders of 27% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.042 (vs ฿0.051 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.042 (down from ฿0.051 in 2Q 2023). Revenue: ฿210.7m (up 8.6% from 2Q 2023). Net income: ฿24.0m (down 18% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿1.37, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 16x in the Chemicals industry in Thailand. Total returns to shareholders of 3.0% over the past three years. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿0.038 (vs ฿0.05 in 1Q 2023) First quarter 2024 results: EPS: ฿0.038 (down from ฿0.05 in 1Q 2023). Revenue: ฿196.2m (down 3.1% from 1Q 2023). Net income: ฿21.1m (down 26% from 1Q 2023). Profit margin: 11% (down from 14% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annonce • May 08
Eason & Co Public Company Limited Approves Cash Dividend for the Operating Period from January 1, 2023 to December 31, 2023, Payable on May 24, 2024 Eason & Co Public Company Limited at its AGM held on April 26, 2024, approved cash dividend of THB 0.05 per share for the operating period from January 1, 2023 to December 31, 2023. Dividend payable on May 24, 2024, and record date of May 8, 2024. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.6%). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.22 (vs ฿0.11 in FY 2022) Full year 2023 results: EPS: ฿0.22 (up from ฿0.11 in FY 2022). Revenue: ฿816.4m (up 16% from FY 2022). Net income: ฿122.6m (up 91% from FY 2022). Profit margin: 15% (up from 9.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 23
Now 20% undervalued Over the last 90 days, the stock has risen 9.3% to ฿1.41. The fair value is estimated to be ฿1.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 90%. New Risk • Nov 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿759.5m market cap, or US$21.8m). New Risk • Nov 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (฿787.8m market cap, or US$22.4m). Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.088 (vs ฿0.012 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.088 (up from ฿0.012 in 3Q 2022). Revenue: ฿214.0m (up 28% from 3Q 2022). Net income: ฿49.9m (up ฿43.0m from 3Q 2022). Profit margin: 23% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ฿1.47, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 22x in the Chemicals industry in Thailand. Total returns to shareholders of 47% over the past three years. Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: ฿0.051 (vs ฿0.047 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.051 (up from ฿0.047 in 2Q 2022). Revenue: ฿201.6m (up 22% from 2Q 2022). Net income: ฿29.2m (up 11% from 2Q 2022). Profit margin: 14% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • May 02
Upcoming dividend of ฿0.06 per share at 9.7% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 24 May 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 9.7%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.0%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.012 (vs ฿0.098 loss in 3Q 2021) Third quarter 2022 results: EPS: ฿0.012 (up from ฿0.098 loss in 3Q 2021). Revenue: ฿174.9m (up 62% from 3Q 2021). Net income: ฿6.95m (up ฿62.4m from 3Q 2021). Profit margin: 4.0% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Tharapong Vitidsant was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: ฿0.047 (vs ฿0.01 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.047 (up from ฿0.01 in 2Q 2021). Revenue: ฿173.6m (up 11% from 2Q 2021). Net income: ฿26.4m (up 363% from 2Q 2021). Profit margin: 15% (up from 3.7% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 18
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. The company last paid an ordinary dividend in February 2013. The average dividend yield among industry peers is 4.7%. Annonce • Aug 15
Eason & Co Public Company Limited Announces Interim Cash Dividend for the Period from 1 January 2022 to 30 June 2022, Payable on 9 September 2022 Eason & Co Public Company Limited announced interim cash dividend of THB 0.04 per share, THB 1.00 Par value for the period from 1 January 2022 to 30 June 2022. Scheduled dates are as follows: Ex-dividend date 25 August 2022, Record date 26 August 2022 and Payment date 9 September 2022. Buying Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be ฿1.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Tharapong Vitidsant was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Mar 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ฿1.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.12 loss per share (up from ฿0.28 loss in FY 2020). Revenue: ฿559.3m (up 14% from FY 2020). Net loss: ฿66.2m (loss narrowed 59% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annonce • Mar 03
Eason & Co Public Company Limited, Annual General Meeting, Apr 22, 2022 Eason & Co Public Company Limited, Annual General Meeting, Apr 22, 2022, at 03:00 Coordinated Universal Time. Agenda: To consider and certify the minutes of the annual general meeting of shareholders 2021 which was held on April 23, 2021; to consider and acknowledge the report on the result of business operation of the company for the year 2021; to consider and approve financial statement of the company for the fiscal year ended December 31, 2021; to consider and approve the omission of allocation of net profit for legal reserve, and the omission of dividend payment for the year 2021; to consider and approve the election of 3 directors for the replacement of the directors who retired by rotation, and to consider directors remuneration for the year 2022; to consider and approve the appointment of auditors and determine audit fee for the year 2022; and to consider others issue (if any). Reported Earnings • Nov 17
Third quarter 2021 earnings released: ฿0.098 loss per share (vs ฿0.023 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿114.2m (down 6.2% from 3Q 2020). Net loss: ฿55.5m (down ฿68.7m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.028 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ฿140.2m (up 7.3% from 1Q 2020). Net income: ฿11.0m (down 31% from 1Q 2020). Profit margin: 7.9% (down from 12% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 03
Full year 2020 earnings released: ฿0.28 loss per share (vs ฿0.044 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ฿511.8m (up 2.1% from FY 2019). Net loss: ฿161.4m (loss widened ฿136.3m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Annonce • Mar 02
Eason & Co Public Company Limited, Annual General Meeting, Apr 23, 2021 Eason & Co Public Company Limited, Annual General Meeting, Apr 23, 2021, at 03:00 Coordinated Universal Time. Agenda: To consider and certify the minutes of the annual general meeting of shareholders 2020 which was held on April 27, 2020; to consider and acknowledge the report on the result of business operation of the company for the year 2020; to consider and approve financial statement of the company for the fiscal year ended December 31, 2020; to consider and approve the omission of allocation of net profit for legal reserve, and the omission of dividend payment for the year 2020; to consider and approve the election of 3 directors for the replacement of the directors who retired by rotation, and to consider directors remuneration for the year 2021; to consider and approve the appointment of auditors and determine audit fee for the year 2021; and to consider others issue (if any). Is New 90 Day High Low • Feb 17
New 90-day high: ฿1.54 The company is up 13% from its price of ฿1.36 on 19 November 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 28% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ฿1.39 The company is up 16% from its price of ฿1.20 on 17 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 33% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: ฿1.36 The company is up 27% from its price of ฿1.07 on 21 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ฿0.023 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿126.6m (down 1.1% from 3Q 2019). Net income: ฿13.3m (up 93% from 3Q 2019). Profit margin: 11% (up from 5.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Annonce • Nov 17
Eason & Co Public Company Limited Changes to Its Board Eason & Co Public Company Limited announced that Sanan Eksangkul, Chairman of the Board of Directors and Pismai Boonyakiat, Chairman of the Nomination and Remuneration Committee have resigned from the said position. The Board of Directors on November 13, 2020 resolved to approve the appointment of Pismai Boonyakiat as Chairman of the Board of Director and Thipawan Uthaisang as Chairman of the Nomination and Remuneration Committee with the effectiveness from November 13, 2020 onwards. Is New 90 Day High Low • Nov 03
New 90-day high: ฿1.28 The company is up 8.0% from its price of ฿1.18 on 05 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 12% over the same period. Annonce • Aug 18
Eason & Co Public Company Limited agreed to acquire a 30% stake in Green Fuel Management Co., Ltd. from Jarukit Jullakharin for THB 7.5 million. Eason & Co Public Company Limited agreed to acquire a 30% stake in Green Fuel Management Co., Ltd. from Jarukit Jullakharin for THB 7.5 million on August 17, 2020. Eason & Co Public Company Limited purchased 375,000 ordinary shares (15%) of Green Fuel Management Co., Ltd. from Jarukit Jullakharin by August 2020 and purchased 375,000 ordinary shares (15%) of Green Fuel Management Co., Ltd. from Jarukit Jullakharin by October 2020. Green Fuel Management Co., Ltd. will increase its registered capital from THB 25 million to THB 45 million. Eason & Co Public Company Limited will hold 0.75 million shares in Green Fuel Management Co., Ltd before increase its registered capital and after raising the registered capital Eason & Co Public Company Limited will hold 1.35 million shares in the Green Fuel Management Co., Ltd. The deal is funded by company's working capital. The acquisition is approved by the board of EASON. The deal is expected to close in October, 2020.