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Wichai bids for all Phyathai shares: Control needed to set hospitals' direction.
Byline: Charoen Kittikanya
Nov. 2--Wichai Thongtang yesterday made a tender offer for all securities of Prasit Patana Plc (PYT), the holding company operating the Phyathai Hospital Group.
"We want a controlling stake in PYT, or at least 30 percent, so that we could determine the business direction and management of the hospital group," Mr Wichai said.
The tender offer will be launched on Nov 14 for the 74.46 percent stake with an offer price of 0.375 baht per share.
Mr Wichai, best known as the lawyer defending Prime Minister Thaksin Shinawatra in the asset-concealment case before the Constitutional Court in 2000, purchased 384 million ...
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Source: HighBeam Research, Wichai bids for all Phyathai shares: Control needed to set hospitals'...