May not make provisions for lawsuit — BANPU may not set provisions for lawsuit by Siva after the Laos government found that BANPU has the right to terminate the contract with Mr. Siva. Management expects this case to take years before a decision is made. (Khao Hoon, 14/12/12)
BTS plans US$1.5bn IPO for infrastructure fund — Thailand’s sole elevated-railway operator, BTS Group Holdings PCL, aims to raise at least US$1.5bn next year through an initial public offering of an infrastructure fund, a deal that would ranks as the country’s largest-ever IPO. “We are aiming to launch the IPO in February,” BTS Group investor relations official Chama Savetbodi said. (The Wall Street Journal, 14/12/12)
Comment: infrastructure fund plays all around, wouldn’t be shocked to see BTS hit 8 baht.