Thai government to offload Thai Military bank shares
(Thailand) In the wake of ANZ’s decision not to invest in Thai Military Bank, the local Finance Ministry has announced it is considering selling its shares in the bank at a discount price.
The Thai government, which owns 49 percent of the bank, is looking to raise some 22.4 billion baht by issuing more than six billion new shares in a rights issue in September.
An official from the Thai ministry said the government needed a strategic partner to help it sell the shares, especially given the large size of the lot.
He said losses would have to spread across both large and small existing shareholders.
An official from the Thai ministry said the government needed a strategic partner to help it sell the shares, especially given the large size of the lot.
He said losses would have to spread across both large and small existing shareholders.
Subscribe