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Aug. 3--KGI SECURITIES said the SEC had approved the company's purchase of 2.5m shares (25 percent ) in One Asset Management from BankThai. The transaction increased its holding in the company to 100 percent , effective Aug 1.
K.R. PRECISION reported a reviewed net loss of 6m bt for Q2 ended June 30, vs a net loss of 19.8m bt for Q2 2000. 6M net profit was 31.8m bt, vs net loss of 170.4m bt in H1 2000.
RATTANA REAL ESTATE said shareholders on Aug 2 approved no dividend for fiscal 1999 due to accumulated losses.
THAI ONONO said that as of March 31, its subsidiary Thai Rung Textile Co had a contingent liability to a finance company for a guarantee for Thai Onono's loan of 40m bt. The subsidiary had also mortgaged its land to secure the credit facility. However, on July 10, the subsidiary released its land from the mortgage as Thai Onono had repaid its debt. As a result, there was no more contingent liability to the ...