PTT Global Chemical Public Company Limited (SET: PTTGC) has announced that its Board of Directors at the meeting no.11/2025 held on September 22, 2025, had the resolution to approve to sell the shares of Kuraray GC Advanced Materials Company Limited (KGC) to Kuraray Company Limited (KRR) in the proportion of 20.1%.
On September 25, 2025, the Board of Directors of KRR had the resolution to approve entering this transaction. The Share Purchase Agreement is expected to be signed on October 14, 2025 and the transfer of shares is expected to be completed in October 2025. After the transfer of shares of KGC, the company’s shareholding in KGC will be reduced from 33.4% to 13.3% and KRR’s shareholding in KGC will be increased from 53.3% to 73.4%, with the remaining 13.3% retained by Sumitomo Corporation (SC). The company’s investment in KGC will be reclassified from associate company to other investment. There will be no material impact on the company’s performance as a result of this transaction. Additionally, PTTGC added that this transaction is part of the company’s portfolio transformation initiative.
Kuraray GC Advanced Materials Co., Ltd. (KGC) is a joint venture between Kuraray Co., Ltd, PTTGC and Sumitomo Corporation to develop a performance and specialty chemicals business to manufacture super engineering plastic and hydrogenated styrenic block copolymer products in Thailand.
