The department expects the committee to approve the draft as well as a proposal to set up a joint public-private committee to solve conflicts between small shops and multinational retailers.

The committee would have 15 members representing the ministry and private operators. It is expected to advance solutions within 30 days of establishment. Watson's and Seven-Eleven have agreed to nominate representatives, said the department's director-general Siripol Yodmuangcharoen.

Share sale okayed

The board of directors of property developer Krisdamahanakorn has approved an increase of registered capital through the issuance of 572.81 million shares to existing shareholders at the ratio of 1:1 with a par value of Bt1.5 each. The board then voted to decrease the registered capital by reducing par value from Bt8.80 to Bt2.3. The par reduction is to cover the discount of common shares for an amount of Bt3.86 billion and the retained earning (deficit for an amount of Bt3 billion). As a result, the balance of the retained earning was Bt8.4 million.

The board also voted to sell 509,998 shares in Hip Hing Construction Co Ltd to Subin Saengsuwanmakha at Bt0.5 per share for a total amount of Bt254,999.