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PTTEP splits par value, profits rise.
Feb. 1--PTT Exploration and Production Plc has decided to split the par value of its stock to one baht from five baht, resulting in a sharp increase of its share price on the Stock Exchange of Thailand yesterday.
PTTEP president Maroot Mrigadat said the company's board of directors made the decision to help increase the liquidity of the stock and allow more retail investors to invest in it.
After the par split, the volume of the company's shares will be 3,322 million, up from 664.4 million at present while its registered capital will remain unchanged at 3.322 billion baht, said Mr Maroot.
Investors have been speculating on the likelihood of a ...
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Source: HighBeam Research, PTTEP splits par value, profits rise.