GGC Drives Future Strategy After Capital Restructuring Approval

MGR Online•Economy•20d ago

Reader Briefing

GGC is advancing its "GGC Taking the Future" strategy after shareholders approved a capital restructuring to clear accumulated losses and support long-term growth.

•Global Green Chemicals Public Company Limited (GGC) is proceeding with its "GGC Taking the Future" strategy.
•Shareholders approved a capital restructuring to write off 1,286 million baht in accumulated losses.
•The company reported a net profit of 96 million baht in Q1/2026, driven by increased demand for B100 biodiesel.
•Economic challenges persist due to Middle East instability affecting energy costs and supply chains.

Overview

•The Extraordinary General Meeting of Shareholders No. 1 for the year 2026 approved a capital restructuring.
•GGC reduced its registered and paid-up capital from 9,724,833,650 baht to 8,189,333,600 baht.
•The par value of GGC shares was reduced from 9.50 baht to 8.00 baht in order to offset accumulated losses.
•The capital restructuring aims to clear 1,286,456,993 baht in accumulated accounting losses to support long-term growth.
•The capital restructuring does not affect GGC's cash flow or the number of paid-up common shares.
•The overall economy in 2026 faces challenges from Middle East instability impacting energy costs and supply chains.
•GGC achieved a net profit of 96 million baht in Q1/2026 due to increased demand for B100 biodiesel.
•Increased demand for B100 biodiesel is a result of government policy to adjust biodiesel blending ratios to B7.

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Key Quotes

Krisda Prasertsookho

"The Extraordinary General Meeting of Shareholders No. 1 for the year 2026 resolved to approve the company reducing its registered and paid-up capital."

ที่ประชุม วิสามัญผู้ถือหุ้น ครั้งที่ 1 ประจำปี 2026 มีมติอนุมัติให้บริษัทฯ ลดทุนจดทะเบียนและทุนชำระแล้ว

Key Entities

Organization

Global Green Chemicals Public Company Limited(GGC)ℹ️

A Thai chemical company implementing a new strategy and capital restructuring.

Person

Krisda Prasertsookho(นายกฤษฎา ประเสริฐสุโข)

Managing Director of Global Green Chemicals Public Company Limited (GGC).