Gulf tender nets 23 3% of InTouch bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
The chief executive of SET-listed Maybank Kim Eng (Thailand) Plc (MBKET), Montree Sornpaisarn, is stepping down next month, indicating early retirement.
Biden tax plan keeps lid on equity enthusiasm
published : 24 Apr 2021 at 04:00
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Recap: Global shares steadied yesterday around 1% below record highs reached earlier in the week week after US President Joe Biden announced a plan to raise taxes on the wealthy. European shares were mixed as a surge in global coronavirus cases offset optimism about a strong earnings season.
The SET index moved in a range of 1,550.62 and 1,587.95 points this week before closing yesterday at 1,553.59, up 0.3% from the previous week, in daily turnover averaging 90.02 billion baht.
Retail investors were net buyers of 10.17 billion baht and brokerage firms bought 838.09 million baht. Foreign investors were net sellers of 8.71 billion baht and institutional investors sold 2.29 billion baht worth of shares.
Sarathâs bid for InTouch draws skeptics
published : 21 Apr 2021 at 16:59
1 Gulf Energy Development chief executive officer Sarath Ratanavadi plans a buyout of Intuoch Holdings Plc, which controls AIS. (Photo: Gulf Energy Development)
Sarath Ratanavadi, Thailandâs second-richest man, is trying to diversify his empire with a bold bet on digital technology that may cost as much as 53 billion baht.
He’ll have to do more to convince skeptics that the math adds up.
While shares of Mr Sarath’s Gulf Energy Development Plc (Gulf) have climbed 7.6% since the company proposed buying control of Thailand’s biggest wireless operator and its parent on Monday, some analysts and investors are worried the cost of added debt won’t be worth the payoff. The acquisitions would combine a group spanning power plants, ports and toll roads with telecom companies that specialisze in digital services.
Billionaire Sarath offers B169bn buyout for Intouch
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published : 19 Apr 2021 at 11:25
2 Gulf Energy Development chief executive officer Sarath Ratanavadi plans a buyout of Intuoch Holdings Plc, which controls AIS. (Photo: Gulf Energy Development)
Gulf Energy Development Plc, Thailand’s biggest power producer by market value, has made a buyout bid for Intouch Holdings Plc, which controls the nation’s largest mobile phone operator, offering as much as 169 billion baht.
The Bangkok-based company, controlled by billionaire Sarath Ratanavadi, offered to buy 2.6 billion shares, or about 81% of Intouch, that it does not currently own at 65 baht each, it said in an exchange filing. The offer price is 11% higher than Intouch’s close on Friday.