SET Announcements
02 July 2013
The acquisition of the entire business of BPE and PTTPE to the Company
(Translation)
Ref. No. 01-419/2013
July 1, 2013
Subject The acquisition of the entire business of BPE and PTTPE to the Company
To President
The Stock Exchange of Thailand
At the 2013 Annual General Meeting of Shareholders of PTT Global Chemical Public
Company Limited (the "Company") on April 4, 2013, the meeting has passed
approved the of the entire business transfer of Bangkok Polyethylene Public
Company Limited ("BPE") and PTT Polyethylene Company Limited ("PTTPE") (both
companies are the Company's 100% owned subsidiary) as well as other activities
in relation to the matter. This is in order to enhance the effectiveness of the
management and administration of companies within the group, which will in turn
increase fluency and support the sustainable growth of the business.
The Company would like to inform that on July 1, 2103, the entire business
transfer of BPE and PTTPE to the Company is effective under the law and the
Company will proceed with the dissolution of BPE and PTTPE.
Such transaction is not considered as a connected transaction and the size of
the transaction does not qualify it as a significant transaction in category of
acquisition or disposition of assets of the listed company. This announcement is
made pursuant to the rules, conditions and procedures governing the disclosure
of information and other acts of a listed company.
Please be informed accordingly
(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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