State-owned PTTOil and Retail Business Co. is preparing for listing on The Stock Exchange of Thailand next year and expects to grow its lubricant business.
They are in the process of listing, which is expected in the middle of next year. But it also depends on market conditions [for listing]. Asset transfer has been completed since the third quarter of this year, Kannika Siamwalla, head of regional oil and gas for RHB Securities (Thailand) PCL, told Lube Report.
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PTTORs listing was scheduled for this year, but in May 2017 PTT said it was delayed due to a longer-than-expected asset transfer procedure and compliance with regulations.