Seamico in Vietnam
08-SEP-2008 Intellasia | Bangkok Post
Sep 8, 2008 - 7:00:00 AM
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Seamico Securities yesterday announced plans to acquire 25% of Thanhcong Securities Joint-Stock Co (TCSC) for 165 million baht to support the Thai brokerage's expansion plans in Vietnam.
TCSC was founded by the Thanh Cong Group, one of the top five textile and garment companies in Vietnam. TCSC has registered capital of 360 billion dong (743.69 million baht) and has been a member of the Hanoi Securities Trading Centre and HCM City Stock Exchange since June.
Seamico told the Stock Exchange of Thailand that it had an option to lift its investment in TCSC to 49%.
Shares of Seamico (ZMICO) closed yesterday at 2.24 baht, up two satang, in trade worth 2.6 million baht.
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