KBank spends Bt7.24 bn for Muangthai Fortis shares

 The bank would spend the amount to acquire additional 19.19 million shares of the life insurer.

 As part of the transaction, MTL is required to obtain an approval from the Office of Insurance Commission (OIC) to distribute dividend to its shareholders. Such approval is currently under review by OIC. Once approval is obtained, MTL will distribute dividend to MTFH and other shareholders.