IRPC Books ฿325M. from Asset Disposal to Its Parent Company, “PTT”
IRPC will recognize ฿325 million income after selling its land to PTT.
The Board of Directors of IRPC Public Company Limited (IRPC) has approved the company to sell its land to PTT Public Company Limited (PTT), who is the major shareholder of IRPC. The land is located in Pa-Yup-Nai sub-district, Wang Chan district, Rayong province with a total area of about 152 rai, totaling of approximately ฿325 million.
IRPC would recognize return from asset for sales. Additionally, to encourage the investment in the forthcoming projects within the Eastern Economic Corridor of Innovation (EECi) area according to Thailand’s strategic location.