Union Petrochemical Public Company Limited (SET:UKEM) announces a share repurchase program. Under the program, the company will repurchase up to 123,000,000 shares, representing 2.91% of its issued share capital, for THB 66 million. The repurchase price will not exceed the average closing price of 5 days, prior to each repurchase date plus 15% of such average closing price. The purpose of the program is to maximize benefit from the company’s excess liquidity management, to increase the return on equity (ROE) and the earning per share (EPS). The repurchased shares will be resold. The repurchase program will be valid till May 26, 2021. As of July 10, 2020, the company had 1,236,281,351 shares outstanding.