Briefs

PTT Exploration and Production Plc reported to the Stock Exchange of Thailand yesterday that the company has not been notified by the Indonesian government about an apparent decision to freeze its operation in Indonesia. 
Indonesian newspapers reported on Monday that the Indonesian government was preparing to suspend the licences and assets of PTTEP in Indonesia. 
“The company has closely monitored the development of this particular issue. If there is any progress, we will provide more update in due course,” said Somporn Vongvuthipornchai, president and chief executive officer.
PTTEP has one operating asset in Indonesia through a 11.5-per-cent holding in the Natuna Sea A project. 
The project’s total sales of natural gas are about 217MMSCFD with 1,449BOED of crude oil representing the net contribution of about 1 per cent to PTTEP’s total sales volume.

CPF ACQUIRES CHINESE POULTRY 
Charoen Pokphand Foods Plc has acquired COFCO Meat (Suqian) Co, a poultry company registered and incorporated in China in 2010.
The Chinese firm is principally engaged in poultry farming and the processing and sale of chicken meat products, mainly to the Yangtze river delta area market.
According to its report, Chia Tai (China) Investment Co (CTCI) will acquire the entire interest in COFCO Meat (Suqian) for 187 million yuan or about Bt976 million. 
CTCI will also take over the shareholder’s loan to COFCO Suqian of 384 million yuan.
CTCI expects the acquisition will be completed this year, then COFCO Suqian will become an indirect subsidiary of CPF.

HONDA TO REPLACE AIRBAGS ON MORE CARS
Honda Automobile (Thailand) Co is adding 165,128 vehicles to its list of cars in Thailand that require replacement of Takata front airbag inflators. 
Honda is taking the precautionary measure to ensure the safety of its customers. 
It is adding 165,128 inflators as affected parts requiring inspection and replacement. Honda dealers nationwide will replace the affected inflators free of charge.
The affected Takata inflators might deploy with excessive internal pressure. In such a case, the inflator casing might rupture, which could result in a safety risk for the passengers and driver.
The vehicles added to the list are the 2009-11 Honda City, 2009-11 Honda Jazz, 2009-11 Honda Freed, 2009-11 Honda Civic, 2007-11 Honda CR-V and 2008-11 Honda Accord.

SENA DEVELOPMENT FORMS JV WITH JAPAN’S HANKYU REALTY
Sena Development Plc has agreed with Hankyu Realty Co to jointly invest in the property development business through the establishment of a joint venture in Thailand named Sena Hankyu 1 Co.
Sena Hankyu 1 Co has initial registered capital of Bt1 million, of which 51 per cent is held by Sena Development.