SET Announcements
01 June 2012
Notification of Investment in Perstorp Holding France SAS/VENCOREX Holding
(Translation)
No. 01-418/2012
June 1, 2012
Subject: Notification of Investment in Perstorp Holding France
SAS/VENCOREX Holding
Attention: President
The Stock Exchange of Thailand
In reference to the notification to the Stock Exchange of Thailand ("SET") from
PTT Global Chemical Company Limited ("the Company" or "PTTGC") on November 21,
2011 to clarify the investment of Perstorp Holding France SAS.
The Company would like to notify the investment progress that, on May 31, 2012,
the Company has completely acquired 51% of the shares in Perstorp Holding France
SAS in the amount of Euro 114.8 million or approximately Baht 4,830 million
from the former shareholder. In addition, the Company renamed the purchased
entity from Perstorp Holding France SAS to VENCOREX Holding.
VENCOREX Holding is a producer and technology-owner of Isocyanate. Moreover, it
is also a major player in the Europe market, particularly in Toluene
diisocyanate (TDI), Hexamethylene diisocyanate (HDI) and Derivatives which are
the major feedstocks in the manufacturing of polyurethane (PU). PU has the
characteristics for foams and coatings production used in the automotive and
construction industry. In this regard, the investment would be a strategic move
into the High Volume Specialty which is a downstream business that will
enhances higher value and opportunity for future growth.
The transaction is not a connected transaction and the size of the transaction
is exempted from being disclosed under the rule, procedures and disclosure of
information concerning the acquisition and disposition of assets of listed
companies.
Please be informed accordingly.
Yours Sincerely,
(Mr. Anon Sirisaengtaksin)
Chief Executive Officer
Corporate Finance and Investor Relations
Tel. +66 (0) 2 265 8421, +66(0) 2 265 8574, +66 (0) 2 140 8712-14
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