PTT Public Company Limited (SET: PTT) on 18 November 2025 announced a significant shareholder restructuring of its joint venture, Aionex Company Limited (Aionex).
The shareholder restructuring of Aionex was approved at the Extraordinary General Meeting on 18 November 2025. Aionex is a joint venture involving Arun Plus Company Limited (Arun Plus), a wholly-owned subsidiary of PTT, and KWANG YANG MOTOR CO., LTD. (KYMCO), along with KYMCO CAPITAL FUND I CO., LTD. (KC), which is a subsidiary of KYMCO.
The restructuring involves selling part of shares to KC and reducing Aionex’s paid-up registered capital.
| Shareholder | Current Shareholding (Before Restructuring) |
New Shareholding (Upon Completion) |
|---|---|---|
| Arun Plus (PTT subsidiary) | 51% | 25.7% |
| KYMCO | 29% | 19.3% |
| KC (KYMCO subsidiary) | 20% | 55% |
Following the completion of the restructuring, the paid-up registered capital of Aionex will remain approximately Baht 450 million. The transaction is expected to be completed within the first quarter of 2026.
The shareholder restructuring of Aionex aligns with PTT’s strategic direction, which focuses on enhancing competitiveness in existing business while also revisiting Non-Hydrocarbon business strategy to reinforce internal capabilities and strengthen its long-term competitive position. This restructuring is expected to be completed within the first quarter of 2026.
