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SHAREHOLDERS (Top Level)
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Sponsor (CEV REpow) ............... 35%
BIO Invest (Belgium DFI) .......... 30%
Co-DFI (e.g. DEG / FMO) ........... 15%
Strategic Investors (EU/US/Thai)... 20%
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Total ................................ 100%
│
▼
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JASMINEX HOLDING B.V.
(Netherlands – EU HoldCo)
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Role:
• Group holding company
• Capital raising
• IPO vehicle (future NV conversion)
• Group governance & ESG oversight
• Receives dividends from Thailand
│ 100% ownership
▼
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JASMINEX THAILAND HOLDING CO., LTD.
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Role:
• Country operating holding
• Contract farming governance
• Agronomy & seed management
• EPC contract counterparty
• Carbon roadmap coordination (TGO)
• Manages cluster SPVs
│
│ 100% per project
▼
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CLUSTER SPVs (Project-Level Entities)
=====================================================
Example:
Jasminex Nakhon Sawan 1 Co., Ltd.
Jasminex Nakhon Sawan 2 Co., Ltd.
Jasminex Roi Et 1 Co., Ltd.
Jasminex Kalasin 1 Co., Ltd.
...
Role:
• Owns physical assets (bins, mill, packing)
• Project finance (DFI debt 60%)
• Local contracts
• Revenue generation
• Ring-fenced risk