UAC sells UAPC shares for 62.5 million baht, rebalances portfolio toward high-growth businesses

Corporate Action
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Summary · why it matters

UAC Global (UAC) announced the sale of all its ordinary shares in its subsidiary, UAC Advanced Polymer and Chemicals (UAPC), to ICAP-SIRA ASIA PTE. LTD., the major shareholder of UAPC, under the Call Option conditions of the Investment Agreement. As a result, UAPC will cease to be an associated company from September 1, 2026. This transaction provides UAC with 62.5 million baht in cash to enhance liquidity and strengthen its capacity to invest in sustainably growing businesses. Although the company will recognize an accounting loss from the chemical business, which faces an economic slowdown and intense competition, the board believes this decision is in the best long-term interest of the company and its shareholders.

Impact on stocks 1

Energy Transition & Power Demand▲ · 1 stocks
UAC Global Public Company Limited
UAC
▲ PositiveCapitalrelevance

UAC sells its UAPC stake for 62.5 million baht, boosting liquidity and freeing capital to invest in higher-growth businesses.

Off-coverage companies 2

UAC Advance Polymer and Chemicals Co., Ltd.Private▼ Negative
Capitalrelevance

UAPC is being divested and will cease to be an associated company, with UAC recognizing an accounting loss on the chemical business.

ICAP-SIRA Asia Pte. Ltd.Private± Mixed
Capitalrelevance

ICAP-SIRA Asia, as major shareholder, exercises the Call Option to buy UAC's UAPC shares, but the article gives no clear positive or negative read for ICAP-SIRA itself.

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