TMB Bank share transaction is under the exchange's scrutiny as the share prices and transaction value has increased significantly.
Stock Exchange of Thailand President Charamporn Jotikasthira, in a statement, attributed the movement to the news reports that foreign investors are interested in buying more shares in the bank from the Finance Ministry. He noted that the exchange has worked closely with the bank and related agencies.
It was reported earlier this month that Dutch financial group ING wanted to buy additional stakes in TMB from the Finance Ministry, initially offering to take 5 percent. The Finance Ministry has said ING would have first option on its 26 percent holding as part of a deal in 2007 when the Dutch bank bought an initial stake in the bank.
TMB in the filing on July 16 denied the reports. It said the bank has not been approached for a due diligence as reported.
TMB share price closed today at Bt2.08, up 1.96 per cent from the previous closing. It share price has moved up 46.48 per cent so far this month.
Daily transaction value also rose sharply, from Bt165 million as of June 30, to the range of Bt1-Bt5 billion this month.