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Pylon mulls merger for growth

By admin ⋅ November 18, 2008 ⋅ Post a comment

The global financial crisis brought together gloom and prospective outlooks. Chanes Saeng-arayakul, chairman of the construction contractor Pylon Plc (PYLON), views this transition as the opportunity as many small-and-medium-size businesses seeking for thrive amid the downstream market.
He said Pylon has been approaching by two or three non-listed companies on the Stock Exchange of Thailand (SET) [...]

MFC mulls expanding into 3 news businesses in 2009

By admin ⋅ November 18, 2008 ⋅ Post a comment

MFC Asset Management Plc (MFC) is considering 3 new investment channels to make it portfolio different than the market offered, according to managing director Pichit Akkarathit.
Mr. Pichit said the assets management firm is considering establishing 3 three new businesses, including first, a real estate fund aiming at the private equity business; second and third, a [...]

Three-low policy for economic thriving amid global crisis

By admin ⋅ November 16, 2008 ⋅ Post a comment

Finance mister Suchart Thadathamrongvej said the government’s policy on economic thriving amid the global financial crisis will focus on low rate of three major economic accelerators, including low interest rate, low baht value against the U.S. dollar, and low tax rates.
He said the policy will help the Thai economic expanded by not lower than 4.0 [...]

Uni Venture’s future under umbrella of “Siriwattanapakdee” family

By admin ⋅ October 24, 2008 ⋅ One comment

Uni Venture’s chairwoman Orradee Na Ranong is quite positive that the company’s decision to transfer the property rights over a piece of land in the golden Ploenchit district under the project of “Wires Square” to TC Land’s subsidiary TCC Luxury Hotels and Resort Co., Ltd. of the Siriwattanapakdee family is a win-win condition.
“We have considered [...]

US under Japanese control

By admin ⋅ October 20, 2008 ⋅ Post a comment

After acquiring a 78 percent stake in United Securities (US) from its former shareholders, the Vongkusolkij family, AP Group of Mr. Mitsuji Konoshita, the president, has dispatched score of executives and specialists from Japan to help run the local management.
Konoshita said the group sets three objectives for United Securities:
1. To become an international securities firm [...]

Yarnapund to seek merger partner

By admin ⋅ October 16, 2008 ⋅ Post a comment

Yarnapund Plc (YNP) is seeking growth through a merger strategy after the company turned down a deal to sell its new issued shares to a prospective foreign alliance, according to Chairman Vichai Thongtaeng.
Yarnapund’s share prices had been peaked at 8 baht a share in May over a rumor that the company reached a deal with [...]

Olarn urges shares buyback at blue chip firms while prices still low

By admin ⋅ October 13, 2008 ⋅ Post a comment

Deputy Prime Minister Dr. Olann Chaipravat urged major shareholders of blue chip firms considered shares buyback while prices are still low and reselling them when the market is recovered.
Dr. Olarn said he had also instructed the Stock Exchange of Thailand (SET) to report daily transactions of the institutional investors into 4 separated categories including Provident [...]