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Dusit Thani withdraws from deal to buy stake in PA.
(From The Nation (Thailand))
Byline: The Nation.
Dusit Thani Plc's plan to acquire a sizeable stake in embattled Pacific Assets Plc has collapsed.
Company director Chanin Donavanik said yesterday: "We would like to inform you that the due diligence has been completed. However, the management of the company and a major shareholder of Pacific Assets were unable to conclude the negotiations on certain details such as potential related tax issues etc.
As a result, the company is no longer pursuing the deal."
Pacific Assets told the Stock Exchange of Thailand (SET) that it had already learned that Dusit Thani's acquisition plan would …
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