Accelerating Business Development and Expanding Scale
Santomo Resources Co., Ltd. (Head Office: Tokyo; President: Tomoichi Yamaguchi; hereinafter “Santomo”) announces that its subsidiary, Green Power Management Pte. Ltd. (Head Office: Singapore; President: Tomoichi Yamaguchi; hereinafter “GPM”), has established a local corporation in Indonesia and carried out a third-party share allocation to further expand the scale of its Battery-as-a-Service (BaaS) business.
1. Establishment of Indonesia Subsidiary
- Date of Establishment: November 1, 2022
- Company Name: PT Santomo Green Power Management
- Shareholders: Green Power Management Pte. Ltd. (98%), PT Santomo Resources Indonesia (2%)
- Directors: Shuntaro Yamaguchi, Wataru Yoshio, Ningsih Linggosiswandi
- Address: SOHO CAPITAL @Podomoro City, 41st Floor, Suite SC-4109, Jalan Letjen. S. Parman, Jakarta Barat 11470, Indonesia
2. Implementation of Third-Party Share Allocation in GPM
- Date of Establishment: January 11, 2022
- Company Name: Green Power Management Pte. Ltd.
- Shareholding Structure:
- Before Capital Increase: Santomo Resources Pte. Ltd. 100%
- After Capital Increase:
- Santomo Resources Pte. Ltd. 70%
- NiX New Energy Co., Ltd. (Head Office: Toyama; President: Tomoaki Ichimori) 20%
- Meiwa Sangyo Co., Ltd. (Head Office: Tokyo; President: Takeshi Yoshida) 10%
- Directors: Tomoichi Yamaguchi, Tomoaki Ichimori, Wataru Yoshio
- Address: 10 Anson Road, #28-12, International Plaza, Singapore 079903
Note: NiX New Energy Co., Ltd. is an energy company within the NiX Group, whose core business is Shin Nihon Consultant Co., Ltd.