PTT Public Company Limited (SET: PTT) has informed the Stock Exchange of Thailand that the Extraordinary General Meeting of Shareholders of Innopolymed Company Limited (IMD) No.1/2568 on 10 June 2025 approved the dissolution of the company.
IMD is the subsidiary in which PTT holds 40% through Innobic (Asia) Company Limited (INBA) (a wholly-owned subsidiary of PTT) together with IRPC Public Company Limited (SET: IRPC) that holds 60%, with a registered capital of THB 282 million. The registration of dissolution is expected to be completed in 2025. The dissolution of IMD is aligned with PTT’s business restructuring policy.