Will BankThai cloud Thai privatization programme?

The pitfalls of sequential equity offerings are highlighted by BankThai''s difficulties.

The privatization of BankThai was completed this Monday in the face of a declining stock market, which severely dampened retail demand over the course of the deal's prolonged selling period.

Having consistently been Asia's best performing index of 2002, the SET finally started succumbing to global volatility a couple of weeks ago and has been on a downward trend ever since, though it still remains about 8% up on the year. This meant that while institutional books closed...

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