AGC Plans to Integrate and Reorganize Chlor-Alkali Subsidiaries in Thailand

摘要

Bangkok-AGC plans to integrate and reorganize its three consolidated chlor-alkali subsidiaries in Thailand and form a new company to promote its chlor-alkali business there, and in the Cambodia, Laos, Myanmar and Vietnam (CLMV) markets. The subsidiaries involved include Vinythai Public Co. Ltd. (VNT), owned 58.78% by AGC, 24.98% by PTT Global Chemical (GC) and 16.24% by others; AGC Chemicals (Thailand) Co. (ACTH), owned 100% by AGC; and AGC Chemicals Vietnam Co. (ACVN), owned 78.11% by AGC, 15% by Mitsubishi Corp, and 6.89% by Vung Tau Shipyard. Following completion of the reorganization, expected by the first half of 2022, VNT will be delisted from the stock exchange of Thailand. AGC will not tender its shares and will remain a majority shareholder of VNT.