PTT trading suspended until Tuesday
PTT Plc's share trading could be suspended until the Cabinet resolves on the asset split issue, Energy Minister Piyasvasti Amranand said on Friday.
The Cabinet will convene on Tuesday.
The stock was suspended since morning today, ahead of the Supreme Administrative Court's ruling on the royal decrees that backed up PTT's privatisation in 2001.
According to Piyasvasti, it remains to be discussed on the process in stripping public assets off PTT. The assets involve the natural gas pipelines and the rights over the land on which the pipelines are located.
The Securities and Exchange Commission today issued a statement, urging investors to wait for the clarification from PTT over the impacts of the ruling.
Though mutual fund investment is not suspended, the SEC also urged the unit holders to take into account the impacts on the unit trust net asset value. Nearly all mutual funds are invested in PTT, the country's largest stock in terms of market capitalisation.
- The Nation
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