Bangkok--31 Aug--PTT
Mr. Prasert Bunsumpun, President of PTT Public Company Limited (PTT), revealed that regarding the case in which the Federation of Consumer Protection has today (August 31, 2006) filed the law suit to the Supreme Administrative Court against the Cabinet, the Prime Minister and the Minister of the Energy in seeking the court to order for the revoke of the 2 Royal Decrees regarding the corporatization of the Petroleum Authority of Thailand into PTT Public Company Limited under the State Enterprise Act B.E. 2542, PTT respects the Court’s consideration on the matter. Meanwhile, PTT is gathering the information for further necessary clarification.
However, Mr. Prasert said, PTT is still currently the state enterprise with the Thai Government holding the majority shares. The Government holds the combined shares both directly and indirectly in PTT at 68%. For the past 5 years as a public company limited, PTT has been operating efficiently with transparent management in accordance to the good governance principle. PTT aims at fair treatment toward all stakeholders as well as continuous involvement in the activities which benefits the country and Thai people. Amid its hardships and strong commitment toward social responsibility, PTT is appraised by various institutions both domestically and internationally which can be proven by numbers of awards being granted.
For more information please contact:
Corporate Public Relations Department
PTT Public Company Limited
Tel. 0-2537-2159-60, 0-2537-2163