Univentures signals a new structure
Investment and financial advisory firm Univentures yesterday asked the Stock Exchange of Thailand to suspend its listed shares, as it is in the final process of negotiating with new investors.
The company said it would inform the bourse and all shareholders of the details of the transaction. Univentures's top five major shareholders as of April 3 were Thai NVDR, 19.84 per cent; UBS AG Singapore, branch-PB Securities Client Custody, 8.44 per cent; Robert Paul Wallace Collins, 7.15 per cent; Merrill Lynch, Pierce, Fenner and Smith, 6.76 per cent; and Kittirat Na Ranong, 5.93 per cent. Collins is chairman of the company's board. The company's current paid-up capital is Bt533.65 million and its assets as of March 31 were valued at Bt1.48 billion. In the first quarter, the company recorded Bt316.55 million in revenue and a net profit of Bt18.13 million. Its stock closed at Bt2.18 on Friday. Meanwhile, banks in the Asia-Pacific region have been making a lot more money this year in fees from mergers and acquisitions, according to Thomson Financial, as quoted by Deutsche Presse-Agentur. Banks have pocketed about US$4.7 billion (Bt163 billion) from 5,107 deals in the first five months, a 30-per-cent increase over the same period last year. Mergers and acquisitions accounted for nearly half of total investment-banking fees, Thomson Financial said in another report in The Business Times. Fees earned from Southeast Asia rose more than 30 per cent this year to $754.3 million.
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