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Buyers of Thai Shipping Terminal Ready to Spend Additional 700 Million Baht.
Byline: Srisamorn Phoosuphanusorn
Jan. 7--After spending 500 million baht on taking over Banpu's Laem Chabang terminal, Nam Yeun Yong Shipping Co is pouring 700 million baht into building additional facilities.
"A feasibility plan for investment and business strategies is due to be completed in the next two months," said Theparak Leungsuwan, the company's managing director.
In November, Banpu Plc agreed to sell its terminal handling unit at Laem Chabang in Chon Buri to Nam Yeun Yong for 500 million baht as part of its strategy to shed businesses outside its core coal and power activities.
The purchase price of 500 million baht agreed ...
- Thailand Coal Producer Sheds Last Non-Core Affiliate.
- Newspaper article from: Knight Ridder/Tribune Business News November 20, 2001 700+ words
...activities by agreeing to sell its terminal handling unit to Nam Yeun Yong Shipping Co for 500 million baht. The largest coal...The purchase price of 500 million baht agreed on by Nam Yeun Yong Shipping included Banpu's 1.8 million shares in...
- THAI NEWSPAPER HIGHLIGHTS - JAN 7, 2002.
- News wire article from: AsiaPulse News January 7, 2002 700+ words
...financial pressure on oil refineries. - After spending 500 million baht on taking over Banpu's Laem Chabang terminal, Nam Yeun Yong Shipping Co is pouring 700 million baht into building additional facilities. - Traders anticipate a marked upturn...
- THAILAND NEWSPAPER HIGHLIGHTS - NOV 20, 2001.
- News wire article from: AsiaPulse News November 20, 2001 700+ words
...of shedding businesses outside its core coal and power activities by agreeing to sell its terminal handling unit to Nam Yeun Yong Shipping Co for 500 million baht. - A consortium of Thai clothing firms led by the Pena House Group is investing 250...
- Thai Mining Firm to Sell Three Non-Core Businesses.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) January 4, 2002 700+ words
...percent from 50 percent, and selling its 100 percent stake in Banpu Terminal Co at Laem Chabang port in Chon Buri to Nam Yeun Yong Shipping Co for 500 million baht late last year. In 2000, Banpu paid $54 million for a 95 percent stake in the Indocoal...
