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BankThai Announces Stock Buyback Scheme.
Byline: Nuntawun Polkuamdee
Oct. 1--BankThai will launch a treasury stock programme to repurchase up to 149 million shares outstanding in the market after last week's 707-million-share public offering failed to fully sell out.
Some 161 million shares went unsubscribed, representing 23 percent of the total offering. The co-lead underwriters, SCB Securities and BT Securities, will absorb all unplaced shares.
BankThai president Phirasilp Suphapolsiri said the treasury stock programme would be implemented by the end of the year, pending shareholders' approval.
Funds to repurchase stock would come from third quarter profits and also gains ...
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Source: HighBeam Research, BankThai Announces Stock Buyback Scheme.