LATE NEWS
Asia Pacific to mull takeover
Shareholders of Asia Pacific Resources Ltd will hold a special meeting to consider a takeover bid by SRMT Holdings Ltd, a wholly-owned indirect subsidiary of Italian-Thai Development Plc, on August 11 at its head office in Canada.
The special meeting will consider approving the amalgamation of Asia Pacific, Metro Resources Co Ltd, a wholly-owned direct subsidiary of Asia Pacific, and 623827 NB Ltd, a wholly-owned direct subsidiary of SRMT. SRMT currently holds 86.14 per cent of the outstanding common shares of Asia Pacific. - The Nation.
Race sponsor US-based Bristol-Myers Squibb Thai Co Ltd, a distributor of pain-relief products, will be the main sponsor of the Phuket Marathon to be held on July 16. The move is part of the firm's plan to maintain its market share of 40 per cent in a total market valued at Bt800 million, said general manager Thomas Karalis. - The Nation
Nutralogix here Nutralogix Laboratories, Inc, a sports supplement company, has entered the international marketplace with a commitment to establish its first office outside of the US in Bangkok to develop sales in the Asian consumer market. Southeast Asia is regarded as a prime "hot spot" market, based on the large numbers of competitive bodybuilders, boxers and other health and fitness zealots. The company's agent expects the initial office to open here. It will focus on advertising and public relations, manufacturing and distribution, and product sales, said CEO Troy Johnson. Rapid penetration of this potentially high-revenue consumer market is the company's goal, which is being spearheaded by a highly experienced Nutralogix associate. - The Nation.
Support for HP HP has announced that CA Post (Thailand) Co Ltd, The Home Depot Inc, sanofi-aventis Group and TIAA-CREF recently agreed to multi-year contracts for integrated management of their IT support services. These companies are among the more than 500 enterprise customers world-wide that have chosen HP for its Integrated Support Management services. More comprehensive than break/fix product support, yet not as complex as complete IT outsourcing, these sourcing services provide customers with a single point of accountability and management for their multi-vendor IT infrastructures, said Dan Socci, vice president, Marketing and Sales, HP Services. - The Nation.
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