PTT Public Company Limited (SET: PTT) has informed the Stock Exchange of Thailand that the Extraordinary General Meeting of Shareholders of Horizon Plus Company Limited (Horizon Plus) No. 1/2025 on 7 January 2025, approved the shareholder restructuring of Horizon Plus, a joint venture between Arun Plus Company Limited (Arun Plus) (a wholly-owned subsidiary of PTT) and Lin Yin International Investment Company Limited (Lin Yin) that hold 60% and 40% of shares in Horizon Plus respectively, which includes reducing Horizon Plus’s paid-up registered capital approximately Baht 5,100 million.
As a result, after the completion of the capital reduction, Arun Plus and Lin Yin will hold shares in Horizon Plus at 40% and 60% respectively. Also, the paid-up registered capital of Horizon Plus will remain approximately Baht 5,400 million.
The reduction of the paid-up registered capital in Horizon Plus aligns with the business restructuring policy in accordance with PTT’s strategic plan and will not affect PTT’s business operations. This restructuring is expected to be completed within June 2025.
