News Detail

Date/Time
27 Jun 2019 18:44:00
Headline
Signing Sale and Purchase Agreement of all Remaining Shares in PT Indo Thai Trading Ltd.
Symbol
PTTGC
Source
PTTGC
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                Acquisition or disposition of assets

(Translation)

No.  16-007/2019

June 27, 2019
Subject : Signing Sale and Purchase Agreement of all Remaining Shares in PT Indo
 Thai Trading Ltd.
To          : The President, The Stock Exchange of Thailand

PTT Global Chemical Public Company Limited (the "Company") would like to inform 
that the Board of Directors meeting No. 3/2018 held on March 19, 2018 has
approved the PTTGC International Private Ltd. ("GC Inter"), as a subsidiary
company which to divest all of the remaining shares in PT Indo Thai Trading Ltd.
("ITT") which the Company owns 49% stake with the total value from the sale of
shares equal to 227 million baht (refers to the exchange rate of 32.4 baht per
USD). The Sale and Purchase Agreement has been signed on 26 June 2019.

In this regard, the transaction is not considered as a connected transaction but
it is a transaction under the acquisition and disposition of assets of listed
company.  The transaction size equals to 0.05% (calculated based on the criteria
of total value of consideration over consolidated total assets of the Company
as of March 31, 2019).  Thus, according to the criteria, 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.