OCEAN Avoids Conflict of Interest by Purchasing Oil from Interrelated Entities
OCEAN has come up with a solution to avoid a conflict of interest.
26 ก.ย. 2561

Ocean Commerce Public Company Limited (OCEAN) has announced that the Board of Directors Meeting on September 25, 2018 has passed a resolution of approving the connected transactions in the transfer of CPOA’s crude oil business to Ocean Commerce Public Company Limited to prevent conflict of interest in the sale of CPOA crude palm oil. Connected persons or entities in the future. The scope is as follows.
 
Moreover, OCEAN’s board of directors also has appointed several new directors.
Director
 
Regarding the private placement of capital increase and issue of new ordinary shares, making Mrs. Chatchaya Tritrakulchai, who now hold 40% stake, to become the major shareholder of OCEAN. The Ministry of Commerce has found that Mrs. Chatchaya (along with Mr. Jirat and Mr. Ake) is the owner of palm oil refinery and all kinds of vegetable oil of Lamae Palm Oil Company Limited that had established since 2014. Thus, causing a conflict of interest and leading to this board of directors meeting.
 