Gas Station

The Board of Directors of PTG Energy Public Company Limited (PTG) has approved the company to jointly invest with Mr. Woottichai Preeputtarat in the establishment of Innoligent Automation Company Limited (INA) with the registered capital of 5.2 million baht, divided into 55,000 ordinary shares, at a par value of 100 baht each. PTG also holds 33,000 ordinary shares of INA, the total value of 3.3 million baht, representing 60% of the registered capital of INA. This led INA to become a subsidiary PTG after the joint investment. In this regard, the acquisition’s objective is to develop the communication tools and equipment in service stations to enhance the efficiency of station management in a concise and timely manner in order to maximize PTG’s customer satisfaction. The total value of the asset acquired by PTG is equal to 3.3 million baht will be paid by cash, which will be divided into 2 payments, according to INA’s uses of funds. The first payment will be paid at 2.97 million baht in 2018 and the second payment will be paid at 0.33 million baht in 2019.