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Thai Government Savings Bank Invests in Liquor Firm's Debentures.
Byline: Wichit Sirithaveeporn
Aug. 2--The Government Savings Bank has made a 350-million-baht investment in corporate debentures issued by Sang Som Co, a liquor firm owned by tycoon Charoen Sirivadhanabhakdi.
Charnchai Musignisarkorn, the GSB director-general, said the investment was approved last month by the bank's board. It represented just 5 percent of the total debentures issued by Sang Som, which were heavily oversubscribed by financial institutions and institutional investors alike.
The GSB currently has 17 billion baht invested in corporate debentures. For this year, the bank has received approval from the Finance Ministry to make total ...
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