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PTT sells stake in Neo Mobility Asia to MGC

Business, Yuthana Praiwan, Published on 06/08/2025

» National oil and gas conglomerate PTT Plc continues to reduce its role in the battery-powered vehicle business with the sale of its entire 50% stake in Neo Mobility Asia Co (NMA), a flagship electric vehicle (EV) business, to SET-listed auto retailer Millennium Group Corporation (Asia) (MGC).