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Archive for August, 2007

ESSO gets nod for IPO in April 2008

By admin ⋅ August 30, 2007 ⋅ One comment

Esso (Thailand) Plc was given a nod from the National Energy Policy Council (NEPC) to file for a listing of its refinery Star Petroleum Refining common shares on the Stock Exchange of Thailand (SET) in April 2008.
Energy Minister Piyasawas Amaranan said the NEPC has approved an amendment of contract to allow more than 25 per [...]

Samart’s Cambodia Air Traffic Service approached to be bought by foreign investors

By admin ⋅ August 27, 2007 ⋅ Post a comment

Samart Corporation (SAMART) said it has been approached by a group of foreign investors in bid to buy its subsidiary Cambodia Air Traffic Service (CATS) for a billion dollar.
The telecom provider, which invests heavily in Cambodia, said the decision whether it would sell stakes in CATS still has yet to decide in spite of attractive [...]

Sabina plans IPO by yearend

By admin ⋅ August 27, 2007 ⋅ Post a comment

Sabina said it intends to file for a listing of its common stocks on the Stock Exchange of Thailand trade index not later than the end of this year, depending on the economic situation, according to CEO Boonchai Banthura-amporn.
The manufacturer of women’s underwear told a new conference as it appointed Zicco Advisory as financial adviser [...]

BAY buys GECAL for Bt17 billion

By admin ⋅ August 24, 2007 ⋅ Post a comment

Thailand’s sixth largest bank by assets, Bank of Ayudhya (BAY), agreed to buy 100 per cent stake in U.S. giant General Electric’s GE Capital Auto Lease (GECAL) for 17 billion baht ($500 million) in bid to expand derivatives to auto loan business.
“The purchase will allow BAY to reach into wider customer base with non-stop auto [...]

SAA cuts index forecast to 871

By admin ⋅ August 23, 2007 ⋅ Post a comment

Monsoon has continued to attack Thai stock market as the Securities Analysts Association (SAA) cut forecast index down to 871 points from previously 880.
ASS announced it has revised down the Stock Exchange of Thailand composite index forecast to 871 points from previously 880 on impacts of U.S. mortgage crunch and unclear political situation.
“Even though the [...]

Malaysia to boost tie with Thailand with more trades

By admin ⋅ August 22, 2007 ⋅ Post a comment

Malaysia’s PM Abdullah Ahmad Badawi said Kuala Lampur and Bangkok must make greater efforts to increase trade and investment between the two countries.
Speaking during signing a memorandum of understanding on education between Malaysia and Thailand, Badawi pointed out that enhancement of two countries bilateral trade and investment relations will not only be mutually beneficial but [...]

Thai export hits 29-month low

By admin ⋅ August 22, 2007 ⋅ Post a comment

Commerce Minister Krirkkrai Jirapaet reported the exports had been seen sharply fall to a record low in 29 months in July.
He said the July export amounted to $11.81 billion, up 5.9 per cent from the same month last year, but lowest expanded since February 2005, which grew only 5.8 per cent.
On the other hand, the [...]