Star Petroleum Refining Public Company Limited (SET:SPRC) agreed to acquire a 9.91% stake of Thai Petroleum Pipeline Co., Ltd from Chevron Asia Pacific Holdings Limited for THB 1.6 billion on December 6, 2022. The total value of the agreement and the other related transactions comprises USD 90 million (THB 3,212 million). The transaction is subject to approval by Star Petroleum Refining Public Company Limited shareholders. As of December 6, 2022, the board of directors of Star Petroleum Refining Public Company Limited approved the transaction. The Company and counterparties must fully comply with the conditions specified in the share purchase agreement. The closing date of the investment transaction will be determined based on their compliance. This also includes completing the Framework Agreement, Business Sale and Transfer Agreement and other related agreements. As a result, this agreement has no impact on the financial information as of 30 September 2023.

Star Petroleum Refining Public Company Limited (SET:SPRC) completed the acquisition of 9.91% stake of Thai Petroleum Pipeline Co., Ltd from Chevron Asia Pacific Holdings Limited for THB 1.5 billion on January 3, 2024.