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TPC buys stake in VN pipe maker

Release time:2015-12-24   Care:   BACK

Thai Plastic and Chemicals Plc (TPC) has invested in 5.85 million shares in Binh Minh Plastics Joint Stock Co (BMP) in Vietnam, or 16.73 per cent of total shares.

In the filing to the Stock Exchange of Thailand, TPC did not reveal the value of the transaction which was carried out by its wholly-owned subsidiary.

Listed on the Ho Chi Minh Stock Exchange, the stock closed at 44,000 on Friday. 

BMP is 29.6 per cent owned by State Capital Investment Corporation (SCIC). It produces and sells plastic pipes and fittings.

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