A Thai court Friday ruled against a complaint that would have undone the partial privatization of the country's major oil company and forced it to withdraw its listing from the Thai stock market. The Supreme Administrative Court's ruling that the 2001 privatization of PTT PCL was lawful lifted weeks of uncertainty for the company and investors. PTT has the greatest capitalization of any issue on the Stock Exchange of Thailand.
December 17, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A Thai court Friday ruled against a complaint that would have undone the partial privatization of the country’s major oil company and forced it to withdraw its listing from the Thai stock market.
The Supreme Administrative Court’s ruling Friday that the 2001 privatization of PTT PCL was lawful lifted weeks of uncertainty for the company and investors.
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