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Bangkok Post, Thailand, Business Briefs Column.

Bangkok Post (Bangkok, Thailand)

| December 07, 2001 | COPYRIGHT 2001 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Dec. 7--AEON SHARES START TRADING ON TUESDAY: Shares of Aeon Thana Sinsap (Thailand) will begin trading on the Stock Exchange of Thailand on Tuesday, making it the sixth new company to list on the market this year.

The consumer finance company will trade under the symbol AEONTS. It placed 9.8 million shares in its initial public offering last month at 51 baht per share.

The company's total registered capital is 250 million baht, consisting of 50 million common shares with a par value of five baht each.

TWO MORE FINANCE FIRMS WOUND UP: The Central Bankruptcy Court has declared United Finance and Sitca Investment and Securities bankrupt and placed in receivership on a petition filed by the Financial Sector Restructuring Authority.

FRA chairman Kamol Juntima said United Finance had distributed 3.1 billion baht raised from asset sales to creditors, with 90.22 percent going to the Financial Institutions Development Fund. Sitca has made payments of 6.1 billion baht, with 98.38 percent going to the FIDF.

Mr Kamol said 47 of the 56 suspended finance companies under FRA supervision had been brought into the bankruptcy process to date. Payments to creditors by 41 of the firms have totalled 103.8 billion baht, with 95.82 percent paid to the FIDF.

AUTO EXPORTS UP 21.5 PERCENT TO OCTOBER: Thailand earned foreign exchange equivalent to 89.8 billion baht from automobile and parts exports in the first 10 months of this year, up 21.5 percent from the same period last year, according to MMC Sittipol Co, the local Mitsubishi distributor.

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