Regulators have approved plans to list Thailand’s Jasmine Broadband Internet Infrastructure Fund, the telecoms group said in a stock exchange filing today.
The Securities and Exchange Commission’s review has added months of delay to the IPO that had…
Regulators have approved plans to list Thailand’s Jasmine Broadband Internet Infrastructure Fund, the telecoms group said in a stock exchange filing today.
The Securities and Exchange Commission’s review has added months of delay to the IPO that had already been pushed back a year because of legal issues and Thailand’s political uncertainty.
Jasmine plans to hold a third of the fund, which could be worth as much as Bt58bn (US$1.78bn).
It comes as local telco True Corp looks to transfer assets worth about Bt14bn (US$430m) to its listed Telecommunications Growth Fund by March to boost revenue.
Bualuang Securities is financially advising Jasmine on its infrastructure IPO.
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