Power Logitek-KY Board Approves USD 5 Million Capital Increase for Thai Subsidiary POWER LOGIC TECH (THAILAND) CO., LTD.
Power Logitek Holdings Inc. announced that its board of directors has approved a cash capital increase of USD 5 million for its wholly-owned subsidiary, POWER LOGIC TECH (THAILAND) CO., LTD., to support its operational needs and ongoing development.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 12, 2026 at 23:11 (15h 11m after Collected)
1. Name and nature of the target asset (if convertible preferred stock, specify convertible preferred stock terms, such as dividend rate, etc.): Common stock of POWER LOGIC TECH (THAILAND) CO., LTD.
2. Date of factual occurrence: 115/5/11~115/5/11
3. Date of Board of Directors approval: May 11, 115 (2026)
4. Other approval dates: Not applicable
5. Transaction quantity, price per unit, and total transaction amount:
Transaction quantity: 15,000,000 shares of common stock of POWER LOGIC TECH (THAILAND) CO., LTD.
Price per unit: THB 10 per share
Total transaction amount: USD 5,000,000
6. Transaction counterparty and relationship with the company (if the counterparty is an individual and not a related party, the name may be omitted):
(1) Transaction counterparty: POWER LOGIC TECH (THAILAND) CO., LTD.
(2) Relationship with the company: Subsidiary
7. If the transaction counterparty is a related party, also announce the reason for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the transaction counterparty, the date of the previous transfer, and the transfer amount: Capital increase to subsidiary
8. If the owner of the transaction target has been a related party of the company in the past five years, announce the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of transaction: Not applicable
9. Matters related to the disposal of claims in this transaction (including the type of collateral attached to the disposed claims, and if the disposed claim is a claim against a related party, announce the name of the related party and the book value of the claim against the related party that is disposed of this time): Not applicable
10. Profit (or loss) from disposal (not applicable for acquisition of securities) (deferred items should be listed and explained): Not applicable
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements: Funds to be invested in batches after board approval
12. Decision method for this transaction, reference basis for price determination, and decision-making unit: Handled according to the resolutions of the company and its subsidiary's board of directors
13. Net asset value per share of the company whose securities are acquired or disposed of: THB 9.72
14. Accumulated quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of securities held in this transaction (including this transaction) to date:
1. Quantity: 55,000,000 shares of common stock of POWER LOGIC TECH (THAILAND) CO., LTD.
2. Amount: USD 17,358,000
3. Shareholding ratio: 100.00%
4. Restrictions on rights: None
15. To date, the proportion of investment in securities listed in Article 3 of the 'Rules for the Acquisition or Disposal of Assets by Public Offering Companies' (including this transaction) to the total assets and equity attributable to the parent company owner in the company's latest financial statements, and the operating capital amount in the company's latest financial statements (Note 2):
1. Total asset ratio: 132.20%
2. Equity attributable to parent company owner ratio: 132.20%
3. Operating capital amount in the latest financial statements: 24,654 thousand yuan
16. Broker and brokerage fees: Not applicable
17. Specific purpose or use of acquisition or disposal: To meet the operational development needs of the Thai company
18. Opinions of dissenting directors on this transaction: None
19. Is this transaction a related party transaction: Yes
20. Date of supervisor's approval or audit committee's consent: May 11, 115 (2026)
21. Accountant's opinion on the unreasonableness of this transaction: Not applicable
22. Accounting firm name: Not applicable
23. Accountant name: Not applicable
24. Accountant Practicing Certificate Number: Not applicable
25. Does it involve a change in operating model: No
26. Explanation of operating model change: Not applicable
27. Transaction details with the counterparty in the past year and expected in the next year: Not applicable
28. Source of funds: Own funds
29. Date of previous announcement of major information on the same matter: Not applicable
30. Other matters to be stated:
USD exchange rate calculated at 31.495.
THB exchange rate calculated at 0.9743.
To meet the subsequent operational development needs of the Thai company, previous capital expenditures were made for land and factory acquisition, factory expansion and renovation, and equipment procurement.
Considering the subsequent need for working capital for various operating expenses in Thailand, it is proposed to increase the investment amount by THB 150,000,000.
The total paid-in capital of the Thai company will be increased from the original THB 400,000,000 to THB 550,000,000.
The increased capital will be remitted in batches according to actual funding needs.
Keywords: Major Information
2. Date of factual occurrence: 115/5/11~115/5/11
3. Date of Board of Directors approval: May 11, 115 (2026)
4. Other approval dates: Not applicable
5. Transaction quantity, price per unit, and total transaction amount:
Transaction quantity: 15,000,000 shares of common stock of POWER LOGIC TECH (THAILAND) CO., LTD.
Price per unit: THB 10 per share
Total transaction amount: USD 5,000,000
6. Transaction counterparty and relationship with the company (if the counterparty is an individual and not a related party, the name may be omitted):
(1) Transaction counterparty: POWER LOGIC TECH (THAILAND) CO., LTD.
(2) Relationship with the company: Subsidiary
7. If the transaction counterparty is a related party, also announce the reason for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the transaction counterparty, the date of the previous transfer, and the transfer amount: Capital increase to subsidiary
8. If the owner of the transaction target has been a related party of the company in the past five years, announce the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of transaction: Not applicable
9. Matters related to the disposal of claims in this transaction (including the type of collateral attached to the disposed claims, and if the disposed claim is a claim against a related party, announce the name of the related party and the book value of the claim against the related party that is disposed of this time): Not applicable
10. Profit (or loss) from disposal (not applicable for acquisition of securities) (deferred items should be listed and explained): Not applicable
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements: Funds to be invested in batches after board approval
12. Decision method for this transaction, reference basis for price determination, and decision-making unit: Handled according to the resolutions of the company and its subsidiary's board of directors
13. Net asset value per share of the company whose securities are acquired or disposed of: THB 9.72
14. Accumulated quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of securities held in this transaction (including this transaction) to date:
1. Quantity: 55,000,000 shares of common stock of POWER LOGIC TECH (THAILAND) CO., LTD.
2. Amount: USD 17,358,000
3. Shareholding ratio: 100.00%
4. Restrictions on rights: None
15. To date, the proportion of investment in securities listed in Article 3 of the 'Rules for the Acquisition or Disposal of Assets by Public Offering Companies' (including this transaction) to the total assets and equity attributable to the parent company owner in the company's latest financial statements, and the operating capital amount in the company's latest financial statements (Note 2):
1. Total asset ratio: 132.20%
2. Equity attributable to parent company owner ratio: 132.20%
3. Operating capital amount in the latest financial statements: 24,654 thousand yuan
16. Broker and brokerage fees: Not applicable
17. Specific purpose or use of acquisition or disposal: To meet the operational development needs of the Thai company
18. Opinions of dissenting directors on this transaction: None
19. Is this transaction a related party transaction: Yes
20. Date of supervisor's approval or audit committee's consent: May 11, 115 (2026)
21. Accountant's opinion on the unreasonableness of this transaction: Not applicable
22. Accounting firm name: Not applicable
23. Accountant name: Not applicable
24. Accountant Practicing Certificate Number: Not applicable
25. Does it involve a change in operating model: No
26. Explanation of operating model change: Not applicable
27. Transaction details with the counterparty in the past year and expected in the next year: Not applicable
28. Source of funds: Own funds
29. Date of previous announcement of major information on the same matter: Not applicable
30. Other matters to be stated:
USD exchange rate calculated at 31.495.
THB exchange rate calculated at 0.9743.
To meet the subsequent operational development needs of the Thai company, previous capital expenditures were made for land and factory acquisition, factory expansion and renovation, and equipment procurement.
Considering the subsequent need for working capital for various operating expenses in Thailand, it is proposed to increase the investment amount by THB 150,000,000.
The total paid-in capital of the Thai company will be increased from the original THB 400,000,000 to THB 550,000,000.
The increased capital will be remitted in batches according to actual funding needs.
Keywords: Major Information