PTT shares drop sharply after Bang Bo explosion
The share price of PTT on Monday dropped sharply by Bt0.50 or 1.55 per cent to Bt31.75 per share with transactions tallying at Bt121 million after a natural gas pipe exploded in Samut Prakan’s Bang Bo district on Thursday afternoon.
PTT informed the Securities and Exchange Commission that the company had cut the natural gas pipeline network to control the fire in line with safety standards.
“After initial damage assessment, the company was still able to procure and deliver natural gas to consumers in the area. PTT also has insurance coverage to compensate for damages, business interruption and third-party liabilities in line with international standards,” PTT said.
