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<a href="http://www.accessmylibrary.com/article-1G1-133792508/ptt-starts-purchase-process.html" title="Facts and information about PTT starts purchase process, Citic pulls out.">PTT starts purchase process, Citic pulls out.</a>
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PTT starts purchase process, Citic pulls out.
Byline: Busrin Treerapongpichit
Jul. 6--PTT Plc and its business allies have placed a standby letter of credit worth 20.27 billion baht provided by Krung Thai Bank, in line with their plan to buy shares in Thai Petrochemical Industry Plc, according to TPI plan administrator member Siri Jirapongphan.
The other prospective investors along with PTT -- the Government Savings Bank, Vayupak Fund and Government Pension Fund -- have also confirmed their intention to acquire the shares by issuing amended financial statements.
Meanwhile, Citic Resources Holding Ltd (CRH), China's state petroleum company, announced yesterday it had terminated discussions ...
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Source: HighBeam Research, PTT starts purchase process, Citic pulls out.