September 23, 2017 11:39 AM ET

Commercial Services and Supplies

Company Overview of PTT Oil and Retail Business Company Limited

Company Overview

PTT Oil and Retail Business Company Limited provides management services and engages in marketing of oil. The company is based in Thailand. PTT Retail Business Co., Ltd operates as a subsidiary of PTT Public Co. Ltd.

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Thailand

Key Executives for PTT Oil and Retail Business Company Limited

Chairman and Senior Executive Vice President of Oil Business Unit - PTT
Age: 51
Compensation as of Fiscal Year 2017.

PTT Oil and Retail Business Company Limited Key Developments

PTT Global Chemical Public Company Limited, PTT Public Company Limited, PTT Exploration and Production Public Company Limited, Thai Oil Public Company Limited Holding, IRPC Public Company Limited, Global Power Synergy Public Company Limited and PTT Oil and Retail Business Company Limited Jointly Establish Sarn Palung Social Enterprise Company Limited

PTT Global Chemical Public Company Limited (PTTGC) announced that at the Board of Directors meeting on July 24, 2017 has passed the resolution to joint establish Sarn Palung Social Enterprise Company Limited between PTT Public Company Limited holding 20%, PTT Exploration and Production Public Company Limited, Thai Oil Public Company Limited holding, IRPC Public Company Limited, and PTTGC holding 15% each, Global Power Synergy Public Company Limited and PTT Oil and Retail Business Company Limited holding 10% each. The register capital of the establishing company is THB 10,000,000 of which THB 1,500,000 is PTTGC's portion. The establishment of the company is to support execution of social enterprise of PTT Groups. The company aims at conducting business to resolve social and environment issues in Thailand and also at promoting employment of local communities in an efficient and sustainable manner. In addition, such establishment supports government policy that encourages private sector and state of enterprise to participate in grooming and incubating social enterprise in Thailand.

PTTOR SET Listing Hits Transfer Snag

PTT Public Company Limited (SET:PTT), the national oil and gas conglomerate, may have to delay the plan to list its wholly-owned subsidiary PTT Oil and Retail Business Company Limited on the Stock Exchange of Thailand (SET) from 2018 to 2019 due to a longer-than-expected asset transfer process. Autthopol Rekpiboon, PTT's senior executive vice-president of oil business, said the asset transfer from the parent company to PTTOR is taking more time than expected as it needs approval from the Public Private Partnership Committee in order to comply with the Private Investment in State Undertakings Act.

PTT Retail Business Co., Ltd Announces Audited Revenue Results for the Year 2015

PTT Retail Business Co. Ltd. announced audited revenue results for the year 2015. For the year, revenue was THB 50,138.95 million against THB 63,773.05 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 17, 2017
Oil Business Unit Of PTT
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