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:
Byline: Darana Chudasri
Oct. 2--Krung Thai Card Plc (KTC) will not postpone its planned initial public offering despite the sluggish conditions in the capital market, said Niwatt Chittalarn, the managing director.
Now wholly-owned by Krung Thai Bank, KTC plans to increase its registered capital to one billion baht from 50 million baht by issuing 95 million new ordinary shares with a par value of 10 baht.
Of the new shares, 44 million will be sold to the bank and 51 million will be sold to investors in an initial public offering, with Merrill Lynch Phatra Securities the financial adviser.
After the capital increase, the bank's stake will ...