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Thai Oil selling off TM shares to Phurich Marine
published : 24 Dec 2020 at 04:00
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Thai Oil (TOP) has announced it will sell all shares, worth 346.5 million baht, in Thai Oil Marine (TM) to Phurich Marine after the TOP board agreed to restructure the company s marine transport business for long-term growth.
The deal will lead to TM s termination as a subsidiary of TOP.
The share purchase agreement is scheduled to be signed today between TOP and Phurich Marine, a subsidiary of Prima Marine, said Wirat Uanarumit, TOP s chief executive and president, in a letter sent to the president of the Stock Exchange of Thailand.
1st LD: Thailand reports 427 new COVID-19 cases calcuttanews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calcuttanews.net Daily Mail and Mail on Sunday newspapers.
2020-12-22 10:05:25 GMT2020-12-22 18:05:25(Beijing Time) Xinhua English
BANGKOK, Dec. 22 (Xinhua) New COVID-19 caseload continued to rise in Thailand on Tuesday, up by 427 from the previous day, and a majority of them were linked to a seafood market in a province near the capital Bangkok.
Of the new cases, 397 were Myanmar migrant workers in Samut Sakhon province, where the latest COVID-19 outbreak was first detected.
There were also 16 other local infections in connection with the seafood market in Samut Sakhon and 14 imported cases, the Center for the COVID-19 Situation Administration spokesman Taweesin Visanuyothin said Tuesday.
Samut Sakhon is home to a large number of migrant workers, mostly coming from Myanmar and employed in the fishing industry. The province has been put under lockdown, with a curfew enforced between 10:00 p.m. and 5:00 a.m. as well as other social distancing and travel restrictions from Saturday until Jan. 3.
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