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Natural Park's 10% subway stake to be sold.
Feb. 1--The ailing property developer Natural Park Plc said yesterday that it would sell a 10 percent shareholding in subway operator Bangkok Metro Co (BMCL) to the construction giant Ch. Karnchang for 1.1 billion baht.
N-Park chief executive Sermsin Samalapa, in a statement to the Stock Exchange of Thailand, said the company would sell up to 725 million BMCL shares at 1.52 baht each to Ch. Karnchang (CK) and its affiliates, currently BMCL's largest shareholder at 52 percent.
The total value of the deal is estimated at 1.1 billion baht. After the sale, N-Park's holdings in BMCL will fall to around 14.71 percent from 24.71 percent.
The N-Park ...
- Bangkok Post, Thailand, Business Briefs Column.
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- Thai developer Natural Park may lose claim to prime riverside plot.
- Newspaper article from: Knight Ridder/Tribune Business News August 25, 2004 700+ words
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- Bangkok Post, Thailand, company reports column.
- Newspaper article from: Knight Ridder/Tribune Business News June 29, 2004 700+ words
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- Bangkok Post, Thailand, Company Reports Column.
- Newspaper article from: Knight Ridder/Tribune Business News September 16, 2003 700+ words
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- Mixed views on latest acquisition for Thai developer Natural Park.
- Newspaper article from: Knight Ridder/Tribune Business News August 10, 2004 700+ words
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- Bangkok Post, Thailand, company reports column.(Financial report)(Column)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 4, 2007 700+ words
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- Bangkok Post, Thailand, business briefs column.(Column)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) January 23, 2007 700+ words
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