PTG Invests ฿201Mn to Establish 2 Subsidiaries, Penetrating E-Payment Business

PTG Energy Public Company Limited (PTG) announced that the Board of Directors’ Meeting held on October 27, 2020 has passed a resolution approving the establishment of two new subsidiaries comprised of 1) Max Card Company Limited to operate the service business regarding the electronic money (E-Money), electronic money transfer, payment facilitating and bill payment with a registered capital of 200,000,000 baht from working capital of the Company and PTG will hold 99.9998% of total shares.

 

2) Max Solution Service Company Limited to operate the business regarding the supporting services to electronic card issuers, acquirers, payment facilitators, or commercial goods or service providers with a registered capital of 1,000,000 baht from working capital of the Company and PTG will hold 99.96% of total shares.

 

The establishment date for two new subsidiaries is expected within 30 days from the date that the Board of Directors’ Meeting approved the establishment.