SET Announcements
10 May 2013
Joint Venture Investment in Auria BioChemical Co.,Ltd.
(Translation)
Ref. No. 01- 329 /2013
May 10, 2013
Subject: Joint Venture Investment in Auria BioChemical Co.,Ltd.
To: President, The Stock Exchange of Thailand
PTT Global Chemical Public Company Limited ("PTTGC") would like to inform you
that on March 15, 2013 at the board meeting No. 3/2556, the Board of Directors
of PTTGC had passed the resolutions to approve a joint venture in Auria
BioChemicals Company Limited ("Auria BioChemical") between PTTGC and Myriant
Corporation ("Myriant") (PTTGC holds 47.25% in Myriant via PTT Chemical
International Private Limited which is 100% owned by PTTGC). The purpose of
this joint venture is to conduct research and development of bio-based chemicals
to enhance the Myriant's technology and pave the way towards an investment in a
commercial scale production plant in South East Asia. On May 3, 2013, Auria
BioChemicals registered in Thailand with registered capital of 90 million Baht
which PTTGC holds 54% of total share with an investment of 48.6 million Baht and
Myriant holds another 46% of total share.
The transaction is not a connected transaction and the transaction size does not
require disclosure under the rule, procedures and disclosure of information
concerning the acquisition and disposition of assets of listed companies, but
this report is in accordance with the disclosure of investment in a joint
venture company with a proportion of 10% or more of its paid up capital.
Please be informed accordingly.
Sincerely yours,
(Anon Sirisaengtaksin)
Chief Executive Officer
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