PTT Global Chemical Public Company Limited (SET: PTTGC) has announced the Signing of the Inter-Company Borrowing & Lending Agreement between PTTGC and GGC via the Stock Exchange of Thailand (SET).
The company signed the Inter-Company Borrowing and Lending Agreement (ICBL) with Global Green Chemicals Public Company Limited (SET: GGC), which the company has stake holding 72.29% to enhance the short-term liquidity management within the company’s group. The key conditions of the ICBL are as follows:
| Description | Terms & Conditions | |
| To receive
financial assistance |
To provide
financial assistance |
|
| Total value
of transaction |
Not exceeding THB 200 million | Not exceeding THB 1,000 million |
| Agreement Period | 1 year (31 May 2024- 30 May 2025) | 1 year (31 May 2024–30 May 2025) |
| Interest Rate | Normal interest rate is based on market rate,
referring to the interest rate on short-term loans: BIBOR (Bangkok Interbank Offered Rate) plus Interest Rate Spread |
Normal interest rate is based on market rate,
referring to the interest rate on short-term loans: BIBOR (Bangkok Interbank Offered Rate) plus Interest Rate Spread |
