BankThai sets price range

Government releases price range for divestment that will prove a key test for both the Thai banking sector and wider privatization programme.

Jackie Horne

September 15, 2002

Following last November's successful flotation of PTT, the Thai government has re-started its ambitious privatization programme with plans to sell 47% of BankThai through the public equity markets. The price range was set this weekend at Bt10.30 to Bt12.30 per share, representing a 2.4% to 18.3% discount to Friday's Bt12.6 close.

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