Bangchak (BKK:BCP) unit Bangchak Hong Kong completed the acquisition of 100% of the ordinary shares of Chevron Hong Kong, according to a Tuesday Thailand Exchange filing.
Following the transaction, Chevron Hong Kong has become a subsidiary of the Thai energy company.
Bangchak said it will rename the entity to Bangchak Hong Kong as part of the post-acquisition process.
Bangchak shares gained over 1% in recent trade.