TOP is determined to develop value-added petrochemical products, following its fundraising plan.
Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, is seeking approval from its shareholders for a fundraising plan to finance the US$5 billion development of its petrochemical production facility in Indonesia, part of a move to produce value-added products in this industry.
The shareholders are scheduled to meet in Bangkok on April 8 for the annual meeting and for talks on an increase in registered capital and the sale of a 10.78% share, worth 22.35 billion baht, in Global Power Synergy Plc (GPSC).
TOP currently holds a 20.78% stake in GPSC, the power generation…
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