PTT Public Company Limited (PTT) announced that PTT’s Board of Directors at the meeting on 16 May 2019, approved the dissolution of PTT Regional Treasury Center Pte. Ltd. (PTT RTC), PTT’s wholly owned subsidiary.
PTTRTC was established in Singapore as the Treasury Center within PTT Group. Subsequently, in order to support the government policy that aimed to promote Thailand as an International Business Centre (IBC), PTT had established PTT Treasury Center Company Limited (PTT TCC) in Thailand as the Treasury Center for PTT Group and transferred all the transactions from PTT RTC to PTT TCC.
As of 18 September 2021, PTT RTC has been completely dissolved which aligned with PTT’s policy to close down the dormant company that did not affect PTT’s business operation.