The company’s shares will resume trading in Bangkok at 11:30 a.m.
The Thai stock exchange suspended trading in rubber producer Sri Trang Agro-Industry Pcl (STA.BK) on Monday ahead of the pricing of a Singapore initial public offering (IPO), which has depressed its share price in Bangkok.
The world’s largest processor of natural rubber is expected to raise up to $360 million through its listing on the Singapore exchange.
Singapore is a big centre for rubber trading and the company already has a subsidiary there.
The company is expected to raise up to $360 million (through a listing in Singapore.
Thai Bumrungrad Hospital Pcl says Temasek Holidings Limited (TEM.UL) sold 42.67 million shares in the company on Friday which could be worth $54 million, Bumrungrad told the stock exchange. It also reported another shareholder sold 49.13 million shares in the company, but it gave no name for the seller. According to the Stock Exchange of Thailand’s website, the shares were sold at 30 baht ($1.265) each.
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Mark Zuckerberg, the founder of the popular social-networking website Facebook and the world’s youngest billionaire, has been spotted in Bangkok, media reports said Thursday. Zuckerberg, Time magazine’s person of the year, was attending a friend’s wedding in the Thai capital this week, The Nation newspaper reported. He was first spotted at the Enchanted Bar late [...]
Thai Beverage Pcl, Thailand’s largest brewer and distiller, said third-quarter profit rose 19% from the same period last year on higher sales. Net income rose to 2.23 billion baht ($97 million), or 0.09 baht a share, from 1.88 billion baht, or 0.07 baht, a year earlier, Thai Beverage said in a Singapore stock exchange filing today after the market closed.
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Microsoft is warning that it has seen limited attacks against a vulnerability affecting Web applications built using ASP.NET. – Microsoft is warning users it has seen quot;limited attacks quot; targeting an ASP.NET vulnerability that could potentially affect many Web applications.
The issue, which was demonstrated by security researchers Juliano
Rizzo and Thai Duong, is due to ASP.NETs use of encryption padding,
which…
Lizhong Wheel Group, the China-based manufacturer of aluminum alloy wheels, says wholly-owned subsidiary, Baoding Lizhong Wheel Manufacturing Co. has established New Thai Wheel Manufacturing Co. to develop, manufacture and sell aluminium alloy wheels and its related parts from Thailand.
Microsoft releases a security advisory about a vulnerability affecting Web applications built on ASP.NET. – Microsoft issued a security
advisory Sept. 17 with a workaround for a vulnerability
impacting Web applications built on ASP.NET.
The advisory was in response to findings by security
researchers Juliano Rizzo and Thai Duong, who developed the quot;Padding
Oracle Exploit Tool quot; to demonst…
Thai Airways International Plc said plans for a budget airline alliance with Singapore’s Tiger Airways won’t be affected by news that two big Tiger shareholders and its chief executive sold discounted shares in the budget carrier.
Tiger said this week that substantial shareholders Indigo Singapore Partners and Ryanasia, along with chief executive Tony Davis, sold 65.796 million Tiger shares at a discounted price of $1.90 in a transaction worth about $125 million.
Tiger said substantial shareholders Indigo Singapore Partners and Ryanasia, along with chief executive Tony Davis, sold 65.796 million Tiger shares at a discounted price of $1.90 in a transaction worth about $125 million.
Thai Airways International Pcl and another local company will own 51% first quarter of next year, the carriers said in a statement. Tiger Air will own the rest. The venture will fly domestic and overseas routes of up to five hours.
“The low cost market is growing very fast,” Thai Air President Piyasavasti Amranand told a news conference on Monday, confirming the alliance. “This is a chance to help fill the hole before we lose more opportunities to rivals.”
Tiger Airways (J7X.SG) hits new all-time high of $2.09 in early trade, last +1.5% at $2.08, on broad market advance, budget carrier’s latest tie-up with Thai Airways (THAI.TH) to form new low-fare airline, reports Dow Jones.
Tiger Airways Holdings, the budget carrier part-owned by Singapore Airlines, will ally with Thai Airways International Pcl to form a new low-fare carrier amid rising demand for leisure travel in Asia.
Thai Tiger Airways Pte is due to start operations in the first quarter of next year, pending regulatory approvals, Tiger Air said in a stock exchange statement today. Thai Air, Southeast Asia’s third most-valuable airline, and another local company will own a combined 51% of the venture, with the remainder held by Singapore-based Tiger Air.
Thai Airways International and Tiger Airways Holdings has signed a Memorandum of Understanding to form a new low fare airline called Thai Tiger Airways Private Limited.
The new airline will operate the same low-fare, low-cost model as the other airlines in the Tiger Airways Group, and is expected to start operations in the first quarter of 2011, pending regulatory approvals.
The Think Environmental announced that its subsidiary Industrial Power Technology Pte Ltd (IPT) and its associated company, Industrial Power (Thailand) Co. have signed an EPC (engineering, procurement and construction) contract with Surin Bio Power worth $19.6 million to build a rice husk fired biomass power plant in the Surin Province in Thailand.
