BangchakRegulatory · 2025-12-11 00:00

Bangchak Corporation proposes a shareholding and management restructuring plan, including a tender offer to delist its subsidiary Bangchak Sriracha Public Company Limited (BSRC).

Bangchak Corporation's board has approved a plan to restructure its shareholding and management, which involves making a tender offer to acquire the remaining shares of its subsidiary, Bangchak Sriracha Public Company Limited (BSRC), to delist it from the Stock Exchange of Thailand. This restructuring will be presented for shareholder approval at the upcoming 2025 Annual General Meeting.

The move aims to enhance the Bangchak Group's operational efficiency, streamline its business structure, and increase flexibility, while also offering BSRC minority shareholders improved investment liquidity and diversification through holding shares in the larger parent company.

Fast Facts

·Meeting date: April 11, 2025
·Meeting type: Electronic Meeting (E-Meeting)
·Record Date for dividend/AGM entitlement: March 14, 2025
·Proposed 2024 full-year dividend: THB 1.05 per share (THB 0.60 interim, THB 0.45 final)
·Total 2024 dividend payment: THB 1,444 million
·Subsidiary to be delisted: Bangchak Sriracha Public Company Limited (BSRC)
·Bangchak's current stake in BSRC: 81.7%
·Tender offer for BSRC shares: Up to 631,859,702 shares (18.3% of BSRC)
·Share swap ratio: 1 newly issued BCP share for 6.50 BSRC ordinary shares
·Proposed capital increase: THB 97,209,185.0 (97,209,185 new shares)
·Auditor for 2025: KPMG Phoomchai Audit Ltd.
·2025 Audit Fee: THB 2,265,000

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People Mentioned

Pol. Gen. Suwat Jangyodsuk