News Detail

Date/Time
20 Dec 2016 17:21:00
Headline
Signing of the Renewal Inter-Company Borrowing & Lending Agreement between PTTGC and PTT
Symbol
PTTGC
Source
PTTGC
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                (Translation)
Ref. No. 16-58/2016
December 20, 2016
Subject:    Signing of the Renewal Inter-Company Borrowing & Lending Agreement 
between PTTGC and PTT
To:    President, The Stock Exchange of Thailand
Reference:       PTTGC's letter No. 16-048/2015 dated on December 21, 2015 on the 
signing of the Inter-Company Borrowing & Lending Agreement between PTTGC and PTT
Reference is made to the letter from PTT Global Chemical Public Company Limited 
("PTTGC") to the Stock Exchange of Thailand notifying the signing of the
Inter-Company Borrowing & Lending Agreement ("ICBL") between PTTGC and PTT
Public Company Limited ("PTT") dated on December 21, 2015.
The Board of Directors of PTTGC in its meeting No. 10/2012 dated October 26, 
2012 has approved to proceed the short-term liquidity management between PTTGC
and PTT, a major shareholder of PTTGC which holds 48.89%, and authorized Chief
Executive Officer ("CEO") or  those delegated by CEO to have the authority to
negotiate on the transaction and define the details of the ICBL between PTTGC
and PTT by preparing the loan agreement and / or any other related contracts,
including the renewal of the loan agreement for a further term of not more than
1 year.
In this regard, PTTGC is pleased to inform that the loan agreement as disclosure
to the Stock Exchange of Thailand in the letter No. 16-048/2015 has expired on
December 19, 2016 and currently PTTGC has renewed the ICBL between PTTGC and PTT
 for 1 year.

The transaction is a connected transaction under the disclosure of information 
concerning the connected transaction on giving or receiving financial assistance
with the transaction size less than 3% of PTTGC's net tangible assets as of
September 30, 2016.
Please be informed accordingly.
Sincerely yours,


Miss Duangkamol Settanung
Executive Vice President - Finance and Accounting
______________________________________________________________________
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