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Four billion baht to go to Thai Petrochemical Industry.
Byline: Wichit Chantanusornsiri
Jan. 8--The Vayupak Fund has set aside four billion baht to invest in shares of Thai Petrochemical Industry, according to Olarn Chaipravat, the chairman of the fund's investment committee.
He said he expected the investment would be finalised within the next several months. Exact details on the pricing and number of shares to be taken would depend on PTT Plc, which is acting as the main strategic partner in the new share purchase.
The Finance Ministry, which is overseeing TPI's $2.9-billion debt restructuring plan, wants to offer 17 billion shares, or a 90 percent stake, of the company to raise funds to repay debt ...
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Source: HighBeam Research, Four billion baht to go to Thai Petrochemical Industry.