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Takuni Group Plans to Transfer Subsidiary's Gas Sales Business Unit

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Takuni Group (SET:TAKUNI) proposes to transfer the gas sales business unit of its subsidiary Takuni (Thailand) to the parent company as part of an internal group restructuring, according to a Tuesday filing to the Thai bourse.

The company's shares were down over 2% in Wednesday's trade.

The transfer will include commercial contracts and relevant personnel.

Following the transaction, Takuni (Thailand) will continue operating as an engineering company providing technical energy system services, industrial energy gas installation, automotive LPG/NGV system design and installation, maintenance, and vehicle safety inspection services.

The proposal will be placed for shareholders' approval at an extraordinary general meeting to be held on Nov. 3.

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