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Jul. 2--KTB BANKS ON A BETTER IMAGE: Krung Thai Bank is scheduled to undertake a massive public offering by the end of the year, aimed at reducing the government's existing stake of 90 percent -plus and raising the free float of shares in the giant state bank in the market.
Details on how many shares will be offered and at what price remain uncertain. As well, it will be an uphill battle persuading investors to put more money into a bank that has long been criticised as simply a cash register for the political powers that be.
KTB executives have been at pains to point out that all decisions taken by the bank are now backed by cold-eyed business logic. ...