ISP company Jasmine International has announced it sold most of its shares in local telco TT&T on the Thai stock exchange.
Jasmine said that it now holds 1.69 million shares in the company. This share sale resulted in the ISP company booking a loss on…
ISP company Jasmine International has announced it sold most of its shares in local telco TT&T on the Thai stock exchange.
Jasmine said that it now holds 1.69 million shares in the company. This share sale resulted in the ISP company booking a loss on investment of Bt11.5m (US$380,000).
“The Stock Exchange of Thailand has suspended trading of TT&T shares since 1 March 2011 when the share price was at Bt0.3 (US$0.01). The company’s provision for the loss has been done based on difference of the share prices between that of 1 March 2011 and that of 30 December 2010 which was at Bt0.43 (US$0.014). Thus, the difference was at Bt0.13 (US$0.004) per shares. The total provision for loss set-up was Bt43m (US$1.4m),” the company wrote in its Q1 2011 financial results.
