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Jan. 5--'NO' TO FIXED SHAREHOLDING: Finance Minister Thanong Bidaya has opposed any amendment to the law which would fix the percentage of the government's shareholding in privatised state enterprises.
Presently, the Corporatisation Act does not stipulate how much the government should hold in state enterprises.
Presently, the Thaksin administration has a cabinet resolution which requires the government to hold at least a 75 percent stake in state utilities, such as electricity and tap water, and at least 25 percent in the other state enterprises.
Fixing the government stake in any privatised state enterprise, said Dr Thanong, would not allow ...
Source: HighBeam Research, Bangkok Post, Thailand, business briefs column.