Thailand Corporate News Summary -- Mar 7

Friday 07 March 1997 16:46
Bangkok--Mar 7--Bisnews
Here are some of Thailand's top corporate news stories as announced today.
--Cathay Finance & Securities PCL pays annual dividends of Bt1.00 per share within May 1997. The XD date is April 2.
--Central Plaza Hotel PCL pays annual dividends of Bt0.75 per share. The XD date is April 1, 1997.
--Bangkok Metropolitan Bank PCL pays annual common and preferred dividends of Bt0.50 and Bt30.50 per share, respectively. The XD date is March 17, 1997.
--Advance Agro PCL issued bonds worth Bt10 bln.
--Ayudhya Insurance PCL pays annual dividends of Bt13.00 per share on April 18, 1997. The XD date is March 24.
--Krungthai Feedmill PCL pays annual dividends of Bt0.25 per share. The XD date is April 3, 1997.
--Thai Storage Battery PCL pays annual dividends of Bt3.25 per share on May 10, 1997. The XD date is March 19.
--City Sports & Recreation PCL pays annual dividends of Bt1.00 per share on May 18, 1997. The XD date is April 25.
--Patkol PCL pays annual dividends of Bt2.00 per share on May 23, 1997. The XD date is March 26.
--City Sports & Recreation PCL (CSR) reported a 30-year exchange of rights in utilisation of land with Navathanee Co Ltd, major shareholder of CSR, worth Bt229.68 mln.
--Manager Media Group PCL sold two mln shares or a 10% stake in Direct Broadcasting Service (Thailand) Co Ltd, to DBS Asia Ltd.
--TelecomAsia Corporation PCL (TA)'s subsidiary, Telecom Holding, increased its capital by Bt2 bln to Bt11 bln. TA will purchase 50% of the capital increase, equivalent to Bt1 bln.
--Loxley PCL purchased 52,149,900 capital increase shares at Bt10 each issued by TT&T, to maintain its shareholding proportion in TT&T.
--Bangkok Metropolitan Bank PCL increased capital from Bt9.817 bln to Bt15 bln by issuing 518,291,430 common shares, offering 218,291,430 as a rights issue of 9:2. Another 300 mln shares were allocated as a private placement.
End.