Union Petrochemical Public Company Limited, or UKEM, announced that at its 5th Board of Directors meeting for 2026, held on August 14, 2026, a resolution was passed to approve the dissolution of Eco Centric Corporation Limited, a subsidiary in which UKEM holds a 51% stake. The subsidiary is no longer operating, and its dissolution will help reduce administrative expenses without affecting UKEM's operations. The other shareholders, holding a combined 49% stake, agreed with this action. UKEM expects to register the dissolution by September 2026 and will proceed with liquidation in accordance with legal procedures. This dissolution does not constitute a connected transaction and its size does not meet the threshold requiring disclosure under the rules on acquisition or disposal of assets of listed companies.
Union Petrochemical Public Company LimitedDissolving inactive subsidiary reduces administrative expenses, improving cost efficiency.
