PTT Establishes “PTTOR International Holdings (Singapore)” to Support Int’l Investments

PTT Public Company Limited (PTT)  has informed that PTT Oil and Retail Business Public Company Limited (PTTOR), a subsidiary of PTT, has completed the registration of PTTOR International Holdings (Singapore) Company Limited on July 24, 2019 with the initial registered capital of US 1dollar and it is wholly owned by PTTOR International Holdings (Thailand) Company Limited, a subsidiary of PTTOR.

The objective of PTTOR International Holdings (Singapore) Company Limited’s establishment is to support PTTOR ’s international investments.

This transaction is not a connected transaction and the transaction size does not require any disclosure under regulations on acquisition and disposition of assets of the listed companies. However, this is a report that a listed company or its subsidiary company acquires or disposes of an investment in another company, which results in that other company becoming or ceasing to be a subsidiary company of the listed company or its subsidiary company. Therefore, this transaction resulted that PTTOR International Holdings (Singapore) Company Limited is a subsidiary of PTT.