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Thai Military Bank Seeks Participation of Local Firms.
Byline: Wassana Nanuam
May 1--The Surathip Group, Sino-Thai Engineering and Ch. Karnchang are expected to participate in the recapitalisation of Thai Military Bank, according to army chief Gen Somdhat Attanand.
Gen Somdhat said the Royal Thai Army would seek to maintain its holdings in TMB "as much as possible".
To support the recapitalisation programme, the army had approached several companies to take shares, including companies within the Shin Corporation group and Surathip Group, Sino-Thai and Ch. Karnchang, he said.
The army, which holds around 15 percent in Thai Military Bank, would also approach existing major shareholders about ...
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Source: HighBeam Research, Thai Military Bank Seeks Participation of Local Firms.