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
Organizations Mentioned
Bangchak
BSRC
KPMG
Krungthai XSpring Securities
TSD
SET
SEC Thailand
DBD
Thai Institute of Directors (IOD)
Vayupak Fund 1
People Mentioned
Pol. Gen. Suwat Jangyodsuk
Independent Director at Bangchak Corporation Public Company Limited
Mr. Prasong Poontaneat
Independent Director at Bangchak Corporation Public Company Limited
Mrs. Prisana Praharnkhasuk
Independent Director at Bangchak Corporation Public Company Limited
Mr. Chaovalit Ekabut
Independent Director at Bangchak Corporation Public Company Limited
Pol.Lt.Gen. Samran Nualma
Independent Director at Bangchak Corporation Public Company Limited
Mr. Sukrit Surabotsopon
Independent Director at Bangchak Corporation Public Company Limited
Mr. Sakda Kaothanthong
Certified Public Accountant at KPMG Phoomchai Audit Ltd.
Mr. Waiyawat Kosamarnchaiyakij
Certified Public Accountant at KPMG Phoomchai Audit Ltd.
Mr. Charoen Phosamritlert
Certified Public Accountant at KPMG Phoomchai Audit Ltd.
Mr. Yuthapong Soontarinka
Certified Public Accountant at KPMG Phoomchai Audit Ltd.
Mr. Chaiwat Kovavisarach
Group Chief Executive Officer and President at Bangchak Corporation Public Company Limited