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SEC Wants More Disclosure Concerning 10-Year Flexible Fund.

Bangkok Post (Bangkok, Thailand)

| November 01, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun Polkuamdee

Nov. 1--The Securities and Exchange Commission yesterday approved the establishment of the 100-billion-baht Vayupak I fund but said disclosure should be improved.

The 10-year flexible fund will be formally established on Dec 1, with 70 billion baht in assets transferred on Dec 3.

The fund will hold shares in 11 companies now held by the Finance Ministry, including Krung Thai Bank, Thai Airways International, PTT Plc, Bangkok Insurance, Dhipaya Insurance, Siam Cement, Siam City Cement, Phoenix Pulp and Paper, and preferred shares of Siam Commercial Bank.

The ministry, which will hold a 30 percent stake in the ...

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