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PTT Global Chemical ups its Myriant shares to 84.77%

2:23 PM MST | January 8, 2014 | Deepti Ramesh

PTT Global Chemical (PTTGC; Bangkok) says that Myriant (Quincy, MA), in which PTTGC holds a 72.62% stake, has purchased 3,406,569 shares from existing shareholders and reduced its issued and outstanding capital by canceling those purchased shares. PTTGC's shareholding in Myriant increased to 84.77% following the reduction in issued and outstanding shares, PTTGC says. PTTGC, on 23 December 2013, acquired an additional 25.44% stake in Myriant, increasing the former's total stake to...

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