PTT Logistics announced that it has entered into an agreement with PTT Synergy Group Berhad and Then Ikh Choo to issue 99,900 shares at MYR 1 per share for the gross proceeds of MYR 99,900 on May 2, 2023. The transaction also included participation from other existing shareholders. The company will issue common shares in the transaction.

The transaction has been approved by the shareholders of the company. PTT Synergy Group Berhad will hold 30% stake in PTT Logistics Sdn. Bhd.