PTT Forms “Innobic (Asia)” to Support the Future Investment under New S-Curve Strategy

PTT Public Company Limited (PTT) announced the Board of Directors meeting held on 17 September 2020 and on 18 November 2020 passed the resolution of establishment of Innobic (Asia) Co., Ltd., which is 100% owned by PTT Global Management Limited (PTTGM) (Subsidiary of PTT) with an initial registered capital of not exceeding Baht 300 million and the capital increase to an approximated amount of Baht 2,000 million, respectively. 

The objective of the company is to support PTT and PTT Group’s future investments according to New S-Curve strategy: Life Science such as pharmaceutical business, nutrition business, and medical device business etc., to enhance PTT’s capabilities in life science business, and create value added to the country.