NEX Point Thai EV Acquisition Approved by Shareholders

Reported on August 4, 2026, NEX Point Public Company Limited said its shareholders approved the NEX Point Thai EV acquisition, involving all shares of Thai EV Co Ltd. The approval also covers changes to NEX's registered capital and the issuance of new ordinary shares to the sellers of Thai EV as consideration for the transaction. The deal is intended to bring the two businesses under a common corporate structure, with Thai EV becoming an NEX subsidiary after completion.

The approved capital adjustments include the cancellation of NEX shares that remain unissued, followed by the issuance of up to 208,268,566 new ordinary shares. Under the agreed transaction, NEX will acquire 13 million Thai EV shares, representing 100% ownership of the company, for THB 149.95 million. The newly issued NEX shares will be provided to the Thai EV sellers as consideration for the acquisition. These approved measures establish the capital and ownership structure required to complete the transaction.

According to NEX, the combination is expected to bring together Thai EV's small- to medium-sized commercial EV business and NEX's larger commercial EV portfolio. The companies intend to benefit from broader distribution channels, stronger customer reach and enhanced after-sales capabilities. The transaction therefore expands the scope of NEX's commercial electric vehicle operations while integrating Thai EV's existing business into the group's portfolio. The stated objective is to create greater coverage across customers and distribution activities within the commercial EV market in Thailand.

Frequently Asked Questions

What did NEX Point shareholders approve regarding the Thai EV transaction and the company's capital structure?
Shareholders approved NEX's acquisition of all 13 million Thai EV shares, representing 100% ownership, for THB 149.95 million, along with related registered capital changes. The approved measures include canceling NEX shares that have not been issued and subsequently issuing up to 208,268,566 new ordinary shares. These new shares will be issued to the Thai EV sellers as consideration for the acquisition. Once completed, Thai EV will become a subsidiary of NEX, bringing the two commercial EV businesses under the same corporate structure.

How could the transaction affect NEX Point's commercial electric vehicle business in Thailand?
The transaction is expected to combine Thai EV's small- to medium-sized commercial EV business with NEX's larger commercial EV portfolio. According to NEX, the combination can expand distribution channels, strengthen customer reach and improve after-sales capabilities. By bringing the businesses together, NEX expects to broaden its commercial EV coverage and integrate Thai EV into its existing operations. The transaction therefore represents an expansion of NEX's commercial electric vehicle portfolio and market reach in Thailand following completion of the acquisition.