Siamgas and Petrochemicals Public Company Limited (SET:SGP) agreed to acquire Shell Gas (LPG) Vietnam Limited from Shell Gas (LPG) Holdings B.V. for $0.1 million on September 28, 2012. As of October 3, 2012, Siamgas and Petrochemicals Public Company Limited entered into an agreement to acquire Shell Gas (LPG) Vietnam Limited from Shell Gas (LPG) Holdings B.V. Siamgas and Petrochemicals will pay $0.02 million as deposit on the date of agreement and shall pay remaining $0.08 million upon the completion of the transaction. Siamgas and Petrochemicals will finance the transaction from its working capital. Shell Gas (LPG) Vietnam reported Shell Gas (LPG) Vietnam reported total assets of THB 159.31 million ($5.03 million), total liabilities of THB 373.19 million ($11.78 million), revenues of THB 679.12 million ($21.44 million), deficit in total common equity of THB 213.88 million ($6.75 million) and net loss after tax of THB 48.49 million ($1.53 million) for the year ended December 31, 2011. The Board of Directors of Siamgas and Petrochemicals resolved the transaction. The currency conversions have been done from www.oanda.com for December 31, 2011.

Siamgas and Petrochemicals Public Company Limited (SET:SGP) completed the acquisition of Shell Gas (LPG) Vietnam Limited from Shell Gas (LPG) Holdings B.V. on January 18, 2013.