PTTGC Announces ฿3M. of Share Repurchase Program, Regaining Investors’ Confidence

PTT Global Chemical Public Company Limited (PTTGC) has reported the Board of PTTGC approved the share repurchase program for financial management purpose in the maximum amount not exceeding THB 3,000 million and the number of the shares to be repurchased is 50 million shares or approximately 1.1% of the total issue shares. The repurchase period covers the duration of 6 months, starting from June 11, 2019 to December 9, 2019.

In addition to PTTGC’s share prices has fallen dramatically since May 20, 2018, from THB 103 while today’s closing price was THB 60.5, plunged 41% since the aforementioned date.