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Byline: Kanana Katharangsiporn
Jul. 1--Natural Park Plc (N-Park) says it is confident that investors and the market as a whole will conclude that a transaction involving three hotels with subsidiary Pacific Asset Plc (PA) is fair.
N-Park executives noted that the boards and financial advisers of the two companies were independent of each other.
The proposed deal was raised last week by the Stock Exchange of Thailand, which asked for an explanation from both Natural Park and Pacific Asset.
N-Park chief executive Sermsin Samalapa said yesterday the boards of directors of the two companies were independent, and no members held shares in ...