Solar power operator SPCG has a new controlling shareholder group after the founder and Kyocera sold their stakes (57.46% in total). Under the rules, the buyers must file a mandatory tender offer (Form 247-4) with the SEC by 1 September 2026. The buyers say they do not plan to delist SPCG or change its core business for at least 12 months. The CEO post is still vacant, and the CFO changed on 20 August 2026. For a Thai SME this is a listed-company governance story: relevant mainly if you are a supplier, lender, or solar-installation partner of SPCG, or hold its shares, where the tender-offer price and timing matter.