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Legal Delays Stall Privatization of Thailand Electrical Authority.
Byline: Yuthana P.W. Chantanusornsiri
Mar. 2--Plans to privatise the Electricity Generating Authority of Thailand were stalled yesterday after documentation problems forced authorities to delay the utility's transformation from a state enterprise
to a publicly traded company.
Egat was originally scheduled to be corporatised yesterday, a crucial step on the road toward its planned April 30 initial public offering and May listing on the Stock Exchange of Thailand.
Union leaders have been rallying for over a week to fight the move, arguing that it amounts to the sale of strategic state assets to a handful of select investors and will ...
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