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Thailand's petroleum giant PTT to invest more in Bang Chak Petroleum.
(From Thai Press Reports)
Section: Corporate News - PTT is planning to buy additional shares in Bang Chak Petroleum to increase its stake to about 15 per cent, a report in Krungthep Turakij said.
The PTT board has approved a proposal to buy $100-120 million worth of capital increase shares and debentures issued by Bang Chak Petroleum. This will increase PTT's stake in Bang Chak from eight per cent to about 15 per cent.
Bang Chak will use the money to invest in a product quality improvement project that will ...
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