company Star Petroleum Refining Public Company Limited or SPRC He revealed that the Board of Directors meeting yesterday approved an investment of US$ 155.8 million or the equivalent of 5,562.5 million baht in the petroleum product distribution business. Divided into a business value of US $ 90 million, or equal to 3,212.4 million baht, and the net working capital value on December 31, 2021, equal to 2,350.1 million baht, or equal to US $ 65.8 million.
this investment It includes the following transactions:
Acquired 100% shares in Chevron Lubricant (Thailand) Limited, a petroleum products distribution business, from (1) Chevron Asia Pacific Holdings Limited (CAPHL) (2) CT Nominee Holdings (I) LLC (CTN1) and (3) Compensation CT Nominee Holdings (II) LLC (CTN2) of USD 16.8 million or equivalent to THB 599.6 million.
2. Acquired 2,877,500 ordinary shares and 5,528,430 preferred shares of Thai Petroleum Pipeline Co., Ltd. (Thappline), which is 9.91% of the total shareholding by CAPHL. Compensation is payable USD 45.0 million or equal to THB 1,606.2 million
3. Acquiring shares and lending money to newly established companies One of the new companies will buy 19 plots of land which are used to distribute petroleum products by the company. Star Holdings Co, Ltd (SHC) includes loans to be made to one of the new companies in the total amount not exceeding USD 28.2 million or equivalent to THB 1,006.6 million.
Board of Directors Approval to call an extraordinary general meeting of shareholders No. 1/2023 to be held on January 31, 2023 at 9:30 am and set December 20, 2022 as the date for determining the names of shareholders entitled to attend the Extraordinary General Meeting of Shareholders No. 1/2023 (Date of Record).
