PTT Global Chemical Public Company Limited (SET: PTTGC) has informed the Stock Exchange of Thailand that the Board of Directors of Vencorex Holding, an indirect wholly-owned subsidiary of PTTGC, on August 6, 2025 approved Vencorex Holding to enter into a Share Purchase Agreement to sell 100% of the ordinary shares of Vencorex US, Inc. (Vencorex U.S.) and Vencorex (Thailand) Company Limited (Vencorex Thailand) to subsidiaries of Covestro AG.
The Share Purchase Agreement has been signed on August 13, 2025 and the closing date will take place after the completion of Merger Filing Control. This shared disposal is part of Vencorex Restructuring Plan.
