PTT Global Chemical Public Company Limited or PTTGC disclosed, on June 20, 2022, at a meeting of the Board of Directors of GC Marketing Solutions Company Limited (“GCM”), a subsidiary in which the Company holds 100 percent of the shares and Approved to enter into the transaction to purchase additional ordinary shares in PT GCM Marketing Solutions Indonesia another 33% of PT Cipta Aneka Air, which will make GCM’s share ratio from 67 percent to 100% In this regard, GCM has completed the share payment on September 30, 2022.
In this regard, PT GCM Marketing Solutions Indonesia aims to support trading operations for import-export. and distributes polymer products in the Republic of Indonesia. This is in line with the Company’s strategic plan to expand its market base in this region.
However, previously PTTGC had given GCM a 67% stake in PT GCM Marketing Solutions Indonesia on January 3, 2020, with a registered capital of Rp 10 billion or approximately 21 million baht.