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SCIB sells asset management subsidiary to GPF

Siam City Bank has sold 40 per cent of its wholly owned subsidiary Siam City Asset Management (SCIS) to the Government Pension Fund (GPF), which covers the staff of state agencies.

The bank informed the Stock Exchange of Thailand yester¬day that with its 40percent holding in the assetmanage¬ment firm, the GPF would become its strategic partner.

President Chaiwat Utaiwan said in a statement that the board had also agreed that the bank should invest an addi¬tional Bt10 billion in SCIS to buy one million shares at Bt10 apiece. - The Nation

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SCIB sells asset management subsidiary to GPF

Siam City Bank has sold 40 per cent of its wholly owned subsidiary Siam City Asset Management (SCIS) to the Government Pension Fund (GPF), which covers the staff of state agencies.

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Midway price for IPO

Muang Thai Life ready to invest

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