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Thai Military Bank completes tender offer for shares.
Byline: Darana Chudasri
Jul. 1--Thai Military Bank yesterday announced that it had completed its tender offer for both DBS Thai Danu Bank and the Industrial Finance Corp of Thailand.
DBS Thai Danu shareholders representing 99.32 percent of shares accepted the tender, while 98.45 percent of IFCT shareholders accepted the TMB share swap offer. New shares of TMB will begin trade on July 6, the day DTDB shares will be delisted from the market.
Subhak Siwaraksa, president of TMB, said TMB also offered a refinancing option for holders of DTDB capital securities at a 4 percent rate over two years.
The five-billion-baht refinancing will ...
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Source: HighBeam Research, Thai Military Bank completes tender offer for shares.