Bangkok, August 17, 2015 ? The SEC urges shareholders of Gunkul Engineering Public Company Limited (GUNKUL) to study the information and exercise their voting rights on the investment in a solar power project at the upcoming Extraordinary General Meeting of Shareholders on August 19, 2015.

The GUNKUL Board of Directors has resolved for the company to seek the shareholders? approval on four asset acquisitions, one of which is the investment in 67% shares of Infinite Alternative Energy Co., Ltd., which holds shares in the Rang Ngern Solutions Co., Ltd. worth approximately 5.5 billion baht.  In this regard, both the Board of Directors and the Audit Committee view that such transaction is reasonable and beneficial to the company. However, the independent financial advisor is of the opinion that the shareholders should not approve the acquisition due to lower returns than the cost of equity. 
 
Therefore, the SEC advises GUNKUL shareholders to study the information thoroughly as well as seek clarification or explanation from the company directors in order to make a prudent decision on their voting.

The SEC requires that any material acquisition and disposal of assets subject to the shareholders? approval must have the opinion of an independent financial advisor attached to the notice calling for a shareholders? meeting to provide sufficient information for shareholders? decision-making. In addition, such transaction must be approved by at least three fourths of the attending shareholders with the voting right excluding the shareholders with an interest in such transaction.