ข่าวแจ้งตลาดหลักทรัพย์
REPORTS PROGRESS IN STOCK OFFERING
The Bangchak Petroleum Plc (BCP) reported that the offering of the
company's shares of 31% to become a private sector has been responded.
Private sectors have offered to buy 23-31% of shares and the Finance
Ministry will allocate 10-15% to the general public. A total purchase
demand thus make 33-46% which is higher than the amount of stock. The
Finance Ministry will allocate at the end of 1996.
The progress of stock offering known from the Finance Ministry is that
as the Cabinet has resolved to distribute the stocks to public to increase
the efficiency of expansion with other businesses, the stock distribution
will be of old stocks held by Finance Ministry of 7%, Petroleum Authority
of Thailand (PTT) 24%, total of 31%. There are now many groups stated
intention to buy which are Bureau of the Crown Property and IFCT 7%,
Social Security Fund 10-14%, Premier Enterprises 3-5%, Sahapattanapibul
(SPC) 3-5%. Moreover, the Finance Ministry has a plan to distribute
stocks to the public and small private sectors of 10-15%. Therefore,
there are people state intention to buy the stocks of 31% and the Finance
Ministry will allocate later.
For this allocation, the Finance Ministry has selected 3 financial
institutions to serve as consultant and to guarantee the sales of stock
which are Jardine Fleming Thanakom Securities Ltd, Phatra Thanakit Plc,
Tisco Finance and Securities Plc. The contract of appointment will be
signed soon and the stock distribution is expected to finish at the end
of 1996. After the distribution, the government will hold less shares to
49% while the Finance Ministry will still be the major shareholders of 41%
and Krung Thai Bank Plc (KT) of 8%.
Translated by the Nation