PTT set up SMH and Global Management Holding Co as part of its new business expansion strategy.
National oil and gas conglomerate PTT Plc is increasing its grip on its power generation arm Global Power Synergy Plc (GPSC) to 44.45% from 31.72% in its latest share restructuring move as it aims to increase investment in the power business.
PTT bought GPSC shares through its wholly owned Siam Management Holding Co (SMH) in a share purchase deal worth 25.12 billion baht, said PTT president and chief executive Auttapol Rerkpiboon. PTT reported its board approved the new shareholding plan to the Stock Exchange of Thailand.
PTT bought 12.73% of shares from PTT Global Chemical Plc (PTTGC) at 70 baht per share. PTTGC and SMH are also preparing for a share purchase agreement, which is scheduled to be signed in…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
