TMB to Maintain Management and Policy despite the Disposal of “Nova Scotia”

TMB affirms that the share disposal from BNS would not affect its structure and management.

 

TMB Bank Public Company Limited (TMB) stated that the firm does not  know the reason for the share disposal of the Bank of Nova Scotia (BNS), but asserted that the disposal would not affect its structure and management due to the small stake that BNS held when compared to other major shareholders of TMB.

The bank stated that the disposal could be between BNS and domestic/international institutions. Meanwhile, TMB believed that the disposal was in line with BNS’ management plan in which the latter has been divesting its investment in other countries as well.

 

In addition, the Stock Exchange of Thailand (SET) indicated that there were big lot transactions of TMB this morning at the amount of 4,406.96 million shares, representing 4.57% of TMB’s paid-up capital. The average selling price was ฿1.14/share. Prior to the transaction, BNS held a total of 4.903% stake in TMB.