Banpu sells investment in BVI

Banpu Plc has divested its entire 17.03 per cent stake in Asian American Gas Inc (AAGI) to China CBM Investment Holdings Ltd for the net gain of US$8.4 million or Bt278 million.

Banpu said in the statement to the Stock Exchange of Thailand that its wholly-owned subsidiary BP Overseas Development Co Ltd owned the 32.53 million shares in AAGI.

AAGI was registered in British Virgin Islands to invest in 2 coal-bed methane exploration and production projects in China. Both projects are in the exploration stage and still need large amount of capital investment.

"Thus, the divestment of AAGI will

provide further financial flexibility to the company to pursue its strategic investment in coal and power businesses in China," the company said.

- The Nation

PTT signs memorandum for LNG from Qatar Gas Operating
PTT yesterday signed a memorandum of understanding to buy about 1 million tonnes a year of liquefied natural....
Loxley sets up Australian JV
Loxley and Australia's Gillon Group have set up joint venture L-TAG Technology to import and distribute....

Banpu sells investment in BVI

Banpu Plc has divested its entire 17.03 per cent stake in Asian American Gas Inc (AAGI) to China CBM Investment Holdings Ltd for the net gain of US$8.4 million or Bt278 million.

OTHER BUSINESS

PTT signs memorandum for LNG from Qatar Gas Operating

Loxley sets up Australian JV

Top Stories