Showing 1 - 10 of 151
KEX Express shares jump 20% on delisting news
Nareerat Wiriyapong, Published on 02/05/2025
» Shares of KEX Express (Thailand), formerly known as Kerry Express, jumped nearly 20% on Friday after it announced plans to delist from the Stock Exchange of Thailand on completion of a tender offer by major shareholder SF International Holding (Thailand), or SFTH.
Bangchak eyes delisting of BSRC unit
Business, Yuthana Praiwan, Published on 11/04/2025
» SET-listed Bangchak Corporation (BCP), an energy conglomerate, is working on a plan to delist its subsidiary Bangchak Sriracha Plc (BSRC), formerly Esso Thailand, from the stock market this year, as part of a business restructuring plan.
Bangchak to make tender for Esso shares
Business, Yuthana Praiwan, Published on 24/02/2025
» Energy conglomerate Bangchak Corporation Plc (BCP) is restructuring its business for greater operational flexibility by making a tender offer to acquire all remaining shares in Esso Thailand, which was previously taken over by Bangchak and renamed Bangchak Sriracha Plc (BSRC).
BCP and BSRC Announce Business Restructuring
Published on 21/02/2025
» The Board of Directors of Bangchak Sriracha Public Company Limited (BSRC) at its Meeting No. 3/2025 has approved Bangchak Group’s restructuring plan following Bangchak Corporation Public Company Limited (BCP)’s intention to make a tender offer to acquire all securities of BSRC held by minority shareholders, amounting to up to 631,859,702 shares (equivalent to 18.3% of BSRC’s total issued shares), via a share swap with newly issued ordinary shares of BCP. The exchange ratio is set at 1 newly issued ordinary share of BCP per 6.50 BSRC shares. Any fractional shares resulting from the calculation will be disregarded. The total number of newly issued BCP shares under this transaction will not exceed 97,209,185 shares, and there will be no cash payment involved. Additionally, BCP has announced its plan to delist BSRC’s shares from the Stock Exchange of Thailand (SET), with the restructuring expected to be completed within 2025.
Bangchak Restructures for Growth with BSRC Share Swap
Published on 21/02/2025
» Bangchak Corporation Public Company Limited (BCP) has unveiled a major restructuring initiative aimed at streamlining operations and enhancing efficiency within the Bangchak Group. The company’s Board of Directors, at its Meeting No. 3/2025, approved a tender offer to acquire all minority-held securities of Bangchak Sriracha Public Company Limited (BSRC), paving the way for its delisting from the Stock Exchange of Thailand (SET). The transaction will be executed through a share swap, allowing BSRC shareholders to exchange their holdings for newly issued ordinary shares of BCP at a ratio of 1 BCP share per 6.50 BSRC shares.
SET delists securities of ALL, Stark and World
Business, Nareerat Wiriyapong, Published on 15/08/2024
» The Stock Exchange of Thailand (SET) is delisting the securities of All Inspire Development (ALL), Stark Corporation and World Corporation because they were unable to resolve the grounds for delisting, or to meet the qualifications to resume trading within the specified deadline.
So Water to make tender offer after delisting SSC
Business, Nuntawun Polkuamdee, Published on 05/07/2024
» Sermsuk Plc (SSC), the soft drink maker and distributor, says its major shareholder So Water Co Ltd plans to delist all SSC shares from the Stock Exchange of Thailand (SET) and make a tender offer worth 5.92 billion baht.
Weed use leaps after law eased
News, Apinya Wipatayotin, Published on 12/05/2024
» The public health minister says cannabis use among young adults is now 10 times greater when compared to two years ago before decriminalisation, and he believes the government's plan to relist cannabis as a narcotic must be based on scientific reasoning.
SET rejigs disclosure guideline
Nuntawun Polkuamdee, Published on 22/12/2023
» The Stock Exchange of Thailand (SET) is preparing to review criteria concerning disclosing the names of major shareholders of listed securities and investment companies, including for anyone with a stake of at least 0.5%.
Bird breeders seek bulbul delisting to boost economy
News, Published on 02/11/2023
» Thailand's association of red-whiskered bulbul breeders is urging the government to delist the bird from its table of protected species, claiming the breeding market once created a billion baht in revenue for the economy.