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Thailand: Dusit Thani says negotiations to acquire stake in Pacific Assets Plc has failed.
(From Thai Press Reports)
Section: Corporate News - Dusit Thani Plc's plan to acquire a sizeable stake in embattled Pacific Assets Plc has collapsed, The Nation reports.
Company director Chanin Donavanik said on August 29: "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 …
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