Weerawong, Chinnavat & Peangpanor Ltd. advised PTT Public Company Limited (PTT) in the sale of its 45% stake in Vietnam LPG Company Limited (VLPG) to joint venture partner PetroVietnam Southern Gas Joint Stock Company (PVGAS South). VLPG engages in the supply, storage, filling plant operations, sale and marketing of liquefied petroleum gas as a subsidiary of PVGAS South.

In a filing to the Stock Exchange of Thailand, PTT notes, “The sale of PTT's entire stake in VLPG is in line with PTT Group's restructuring policy and such sale does not affect the international expansion of its oil business and the PTT Group.”

A capital transfer agreement between PTT and PVGAS South was executed on February 12, 2014.

Peangpanor Boonklum was a leading partner in this transaction and the team, including associates Wiriya Chinkarn, Rapat Sangkarat and Wassamon Lohachitramond.