SETS UP MONGKHOLCHAI PATTANA CO., LTD

Bangchak Petroleum Plc (BCP), in a filing to the Stock Exchange of Thailand, said that the company has entered into a joint venture with the Crown Property Bureau to set up Mongkholchai Pattana Co., Ltd with a registered capital of Bt3 million. The two joint venturers will each hold a 49% equity of the total shares. Mongkholchai Pattana Co., Ltd is set up to sell comsumer, agricultural, fuel oil, handdicraft products and to support the development and increase stability of farmer careers. Translated by The Nation