PTT expects to start trading shares at a new par value of Bt1 apiece between April and May in order to boost the proportion of retail investors.
The move is expected if a meeting of shareholders, scheduled for April 12, approves the change in the par value of its share from Bt10 to Bt1 each, |said Tevin Vongvanich, president and chief executive officer at PTT.
"The change aims for a higher proportion of retail investors holding PTT shares. Previously, retail investors held 6-7 per cent stake in PTT. Now, the figure has declined to 4 per cent," he said.
PAKORN TO HEAD SET
A meeting of Stock Exchange Thailand's board of governors yesterday appointed Pakorn Peetathawatchai as the next and 13rd president, succeeding Kesara Manchusree.
Pakorn's four-year term will take effect on June 1 this year. Currently,Pakorn, 54, is SET's senior executive vice president.