AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Finansa, Bangkok First Investment Trust Link Up for Universal Banking License.
Byline: Krissana Parnsoonthorn
Feb. 3--Finansa Plc yesterday announced it would merge its finance company with Bangkok First Investment and Trust and upgrade to a universal banking licence.
The transaction would see Finansa sell its wholly owned subsidiary Finansa Credit to BFIT for 687 million baht.
BFIT would issue 99.9 million new shares to Finansa at 12.78 baht each, or 1.27 billion baht, representing a 49.97 percent stake. Finansa will apply for a waiver of the tender offer requirement for the BFIT purchase.
Following shareholders' approval, BFIT will then apply to upgrade to a universal bank under the recently announced financial ...
- Finansa, Bangkok First Investment Trust Link Up for Universal Banking License.
- Newspaper article from: Knight Ridder/Tribune Business News February 3, 2004 700+ words
...wholly owned subsidiary Finansa Credit to BFIT for 687 million baht. BFIT would issue 99.9 million new shares to Finansa at 12.78 baht each, or 1.27 billion baht, representing a 49.97 percent stake. Finansa will apply for a waiver...
- No deal to inject funds yet for Finansa Life.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 10, 2007 700+ words
...400-500 million baht, is currently 10 percent controlled by Finansa Plc and 80 percent...of 2.0 billion baht.Finansa is still in talks...from 2.33 billion baht. However, Montri...new president of Finansa Life Assurance...
- Finansa Securities to Convert Internet Cafe in Thai Stock Exchange Settlement.
- Newspaper article from: Knight Ridder/Tribune Business News September 4, 2003 700+ words
...finalised by early next week. Finansa Securities posted profits...quarter of 48.17 million baht, compared with losses of...previous targets of 570 billion baht. Finansa shares closed yesterday at 46.50 baht, down five baht. To see...
- Finansa confident of 2006 profit despite slip.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) May 16, 2006 700+ words
...present," he said. Finansa posted a net loss of 238 million baht in the first quarter...worth 5-10 billion baht each. Finansa Securities is among...said. Shares of Finansa (FNS) closed yesterday at 17.20 baht, down 10 satang...
- Finansa Life back in profit after turmoil.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 3, 2005 700+ words
...According to Mr Soontorn, Finansa Life reported first...totalling 578 million baht in the first six months...premiums worth 321 million baht. For the period, Finansa Life reported 6.29...premiums to 541 million baht compared with 509 million...
- Finansa returning to profitability.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) February 15, 2006 700+ words
...changes of ownership, Finansa Life Assurance expects to earn 120 million baht in profit this year...excess of two billion baht a year. But given Finansa's projected business...stakeholders, he said. Finansa Life has 5.2 billion baht in total assets...
- Finansa wins contract to run provident funds for Citi.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 30, 2006 700+ words
...he added. Teera Phutrakul, Finansa's executive chairman, said...Citicorp's existing one-billion-baht provident fund is owned by 2...total, or more than 300 million baht. Mr Teera said Finansa planned to open a new foreign...
- Key funds behind Finansa projection for 20% net profit rise in 2006.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) November 17, 2005 700+ words
...50 million to two billion baht each. Total assets under management by Finansa currently stand at 9.5 billion baht, with its debt fund showing...said. Total assets for the Finansa Group stand at 10 billion baht, with paid-up capital of...
Source: HighBeam Research, Finansa, Bangkok First Investment Trust Link Up for Universal Banking...