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BBL seeks to defer ACL share sale.
(From The Nation (Thailand))
Byline: The Nation.
Bangkok Bank plans to ask the Bank of Thailand for an exemption so that it can postpone the sale of its shares in ACL Bank, due to the stock-market meltdown.
"If the investment situation in the stock market doesn't improve, the bank will propose to the central bank that the share-sale schedule for ACL be reviewed. The planned stake reduction might start next year, when the stock market environment will likely be better," Bangkok Bank chairman Chatri Sophonpanich said yesterday.
Bangkok Bank needs to comply with the BOT's one-presence rule by which banks are not allowed to hold shares in …
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