GULF Forms a New Subsidiary in Mauritius, Supporting Overseas Business Expansion

Gulf Energy Development Public Company Limited (GULF) has announced of its establishing a new subsidiary, Gulf Energy Mauritius Company Limited, in the Republic of Mauritius to the Stock Exchange of Thailand on September 13, 2018.

The establishment has been made in order to support the continual overseas business expansion of GULF with a registered capital of $100,000 or around 3.2 million baht (Sep. 13 exchange rate $1 = ฿32.60), which GULF will indirectly hold 100% stake. Gulf Energy Mauritius has been established as a holding company investing in energy and other related business and facilitating financial arrangement for subsidiaries, joint ventures and/or other companies under the Group, so that the overseas investment plan can be conducted efficiently and maximize benefit to the shareholders.