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Thailand business briefing.

Asia Africa Intelligence Wire

| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Thai Press Reports)

Section: Business News - - Siam Commercial Bank, Thailand's fourth-largest bank, said yesterday it planned to sell up to Bt40 billion-worth of bonds, The Nation reports.

The bonds might be issued in several tranches, the bank said in a statement. It did not say what the proceeds would be used for.

- Asia Plus Securities Plc will issue 504.5 million new shares at a par value of Bt1. Existing shareholders will receive a total of 496 million warrants, allotted at a ratio of one warrant per four existing shares. Asia Plus Securities has also approved a dividend payment of Bt3.8 per share, payable on March 15.

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