Bangkok: PTT Public Company Limited has announced a significant step in its organizational restructuring plan by approving the liquidation of two of its subsidiaries, as reported to the Stock Exchange of Thailand. The PTT board of directors resolved on April 24 to proceed with the liquidation of PTT Green Energy (Thailand) or PTTGE TH, a subsidiary fully owned by PTT through PTT Green Energy. The liquidation registration is anticipated to be completed within this year. Furthermore, a shareholders’ meeting of T-Ecosystems endorsed the liquidation of T-ECOSYS, another subsidiary wholly owned by PTT through Siam Management Holdings, with an expected completion within the second quarter of this year.
According to Thai News Agency, the decision to terminate these two companies aligns with PTT’s strategic policy to restructure its business operations. This move is not expected to impact PTT’s overall operations. In parallel, the company is making strides in the Wangchan Valley development project in Rayong Province, in collaboration with the government sector. This initiative aims to transform Wangchan Valley into a pivotal hub for the Eastern Economic Corridor of Innovation (EECi), thereby boosting the country’s research, development, and innovation capabilities.
Recently, PTT hosted a visit from the Civil Aviation Authority of Thailand to explore the drone innovation ecosystem, which serves as a UAV Regulatory Sandbox. This area offers opportunities for various sectors to engage in research and development of drone-related technologies. During the visit, there was a demonstration of drones used for transporting medicine and medical supplies. Within the IOC Intelligent Operation Center, PTT showcased its air traffic management system, designed for managing basic unmanned aircraft in controlled airspace. This system ensures that the process of obtaining permission to fly drones is convenient, safe, and compliant with regulations.