Bangchak Reinforces International Financial Institutions' Confidence with US$170 Million Financing

Bangchak Corporation Public Company Limited (BCP) continues to execute its long-term growth strategy, supported by strong confidence from leading international financial institutions and enhanced financial flexibility to pursue strategic expansion opportunities. Bangchak Treasury Center Company Limited (BCTC), the Bangchak Group's treasury and funding management arm, has successfully secured financing to support the acquisition of Chevron Hong Kong Limited while enhancing the Group's overall liquidity management.

The financing underscores the confidence that leading international financial institutions have in Bangchak's strong business fundamentals, operational capabilities, long-term growth strategy, and financial discipline. The facility will support the efficient execution of the acquisition while maintaining Bangchak Group's strong financial position and liquidity.

On 25 June 2026, BCTC signed a US$170 million loan facility agreement with two leading Singapore-based financial institutions, Oversea-Chinese Banking Corporation Limited (OCBC) and DBS Bank Ltd., to finance the acquisition of 100% of Chevron Hong Kong Limited from Chevron Companies (Greater China) Limited, highlighting the strong partnership between Bangchak and its international banking partners in supporting the Group’s expansion strategy.

On 2 July 2026, Bangchak Group executives, led by Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, and Ms. Phatpuree Chinkulkitnivat, Chief Financial Officer and Senior Executive Vice President, Accounting and Finance, welcomed representatives from the financial institutions supporting this landmark transaction. Representatives from J.P. Morgan Chase Bank, Standard Chartered Bank, and The Hongkong and Shanghai Banking Corporation (HSBC), which provides cash management services for Bangchak's operations in Hong Kong, also joined the visit. The delegation toured the BHK Tsing Yi service station, Tsing Yi oil terminal, and Bangchak Hongkong (BHK) headquarters in Kowloon. The visit highlighted the strong collaboration between Bangchak and its international financial partners and reaffirmed their confidence in the Group's long-term growth strategy and continued regional expansion.