PTT Dissolves “PTT Energy Solutions” as Part of a Business Restructuring

PTT Public Company Limited (SET: PTT) announced on Monday that its0 Extraordinary General Meeting of Shareholders of PTT Energy Solutions Company Limited (PTTES) on 29 August 2022 approved the dissolution of PTTES. 

PTTES is the subsidiary in which PTT holds 40% together with Thai Oil Public Company Limited (SET: TOP), PTT Global Chemical Public Company Limited (SET: PTTGC), and IRPC Public Company Limited (SET: IRPC) which hold equally at 20%. The registration of dissolution is expected to be completed in December 2022.

The dissolution of PTTES is aligned with PTT group’s business restructuring policy and does not affect PTT group’s business operations.

PTTES was established to provide technical consultancy services in areas such as energy management and production processes for both PTT group and external customers.