TSFC completes recapitalisation

 Pakorn Malakul Na Ayudhya, chairman of TSFC and chairman of the Stock Exchange of Thailand, said that the exchange played a major role in completing the recapitalisation with supports from creditors.

 After the recapitalisation completed on July 22, the SET's stake in the company is 24.66 per cent, the Finance Ministry 10.55 per cent, state-owned banks 10.94 per cent, private banks 17.72 per cent, securities companies 16.27 per cent, and mutual funds and insurance companies 19.86 per cent.

 "After new share registration on July 24 and filing to the Securities and Exchange Commission which granted the unofficial permission for the service resumption, we expect the company to restart its operations late this month," he said.