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Thai Brokerage House to Hold Shareholders Vote on Capital-Reduction Plan.
Byline: Nuntawan Polkwamdee
Jan. 5--Brokerage house KGI Securities (Thailand) Plc will ask shareholders in April to approve a capital reduction to help clear accumulated losses of eight billion baht.
Chairman Angelo Koo said foreign shareholders of the firm had agreed that a capital reduction would help the firm pay dividends to shareholders.
"The company will study the various options and summarise its findings as quickly as possible. A key factor is protecting the interests of Thai investors as well, and we will need to listen to the opinions of all shareholders at the annual meeting before any decision is made," he said yesterday.
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