Megachem Limited announced that its 36.19%-owned associated company Megachem (Thailand) Public Company Limited, will be acquiring 55% of Green Leaf Chemical (“GLC”) at a purchase consideration of THB 82.5 million ($3.37 million).

Following the acquisition, Megachem Limited will have an effective indirect equity interest of approximately 19.9% in GLC, while PS Miracle Holding and Folium Co will retain their stakes of 25% and 20% respectively. 

See also: Megachem holds steady amid pandemic woes; eyes Asean market with graphite venture

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