Shareholding: main investor holds at least 60 %, 40 % for sale
User, 20 Oct 2026: the main investor W wants to hold at least 60 % of the company (the BOI-promoted company), so only 40 % is for sale. - total-investment.md "Two plans": the 60/40 rule; Ploy Printing's stake, founders' shares and any further co-investor come out of the 40 %; at Plan B's ~54M THB equity floor (3:1) and one share price that is at least ~32M / at most ~22M THB (arithmetic only; share price, valuation and in-kind shares not agreed). - README Project Status and boi.md (foreign-ownership privilege) point to it. - Business plan: section 12.2 states the split (A: ~28M / ~18M, B: ~32M / ~22M at the equity floor, arithmetic), the co-investment bullet and the decisions list name the 40 %; A and B rebuilt (63 pages each, TOC and em-dash check clean).
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@@ -79,7 +79,11 @@ steps are open planning items.
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**Plan A, ~182M THB** (~2M above 180M since steam went biomass), the
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launch plant with six cost levers, and **Plan B, ~217M THB**, the same
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launch plant with everything in. **The main investor wants to go with
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Plan B** (19 October 2026); the investor deck leads with it.
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Plan B** (19 October 2026); the investor deck leads with it. The main
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investor holds **at least 60 % of the company**, so at most 40 % is for
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sale to co-investors (Ploy Printing, the founders, others;
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[shareholding](docs/finance/total-investment.md#two-plans-a-at-180m-thb-and-b-at-215m-thb-october-2026),
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20 October 2026).
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Chinese boilers, compressor and hydraulics save about 2M THB of that
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([Chinese suppliers](docs/suppliers/china-utilities.md)).
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The business plan is re-based on it (draft 0.2).
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