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Matichon tender offer likely to yield an additional 10%.
Oct. 7--Kanchai Boonphan, the founder of Matichon Plc, is likely to obtain an additional 10 percent stake in the company from a pending tender offer, according to his financial adviser.
M.R. Sasiprin Chandratat, chief executive officer of Ayudhya Securities, said that the public tender offer, which started on Wednesday and ends on Nov 9, would likely yield no more than 10 percent to 20 percent, against a total shareholding of 43 percent remaining in the market.
Mr Kanchai has bid for the remaining 43 percent stake in Matichon after he purchased a 12 percent holding from GMM Media Plc following heavy public backlash against the latter's attempt to take ...
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Source: HighBeam Research, Matichon tender offer likely to yield an additional 10%.