26 Dec 2018 08:00:00
Approved investment in performance chemicals business
(Translation) No. 16 - 044 / 2018 December 26, 2018 Subject : Approved investment in performance chemicals business To : The President, The Stock Exchange of Thailand PTT Global Chemical Public Company Limited (the "Company") would like to inform that according to the investment direction in performance chemicals business to produce and sell High Heat Resistant Polyamide-9T (PA9T) (production capacity of 13,000 tons/year) and Hydrogenated Styrenic Block Copolymers (HSBC) (production capacity of 16,000 tons/year) through our joint venture company, Kuraray GC Advanced Materials Co., Ltd that has been established on June 19, 2018. The Company holds 33.4% shareholding, in cooperation with Kuraray Co., Ltd (KRR) (53.3% owned by its affiliated company) and Sumitomo Corporation (SC) (13.3% owned by its affiliated company). This is in accordance with the resolution of the Board of Directors of the Company No.6 / 2018 on June 18, 2018. Recently, the loan facility was signed on December 25, 2018 and the project is expected to commercially operate in 2022 with a total investment of approximately 15 billion baht. In this regard, the transaction is not considered as a connected transaction and the transaction size does not require information disclosure under the rule of the acquisition and disposition of assets of listed company. Please be informed accordingly. Sincerely yours, Ms. Duangkamol Settanung Executive Vice President - Finance and Accounting ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.