BTS sells ad company shares to Templeton
BTS Group Holdings Plc (BTS) has sold 300 million Master Ad Public Co Ltd (MACO) shares to Templeton Asset Management and other long-term investors.
MACO shares were sold at an average price of Bt1.56 per share – amounting to 9 per cent of MACO’s total shares.
BTS Group is a mass transit company focused mainly on Bangkok.
According to Kavin Kanjanapas, the CEO of BTS, this big-lot transaction will enhance MACO’s long-term shareholding structure with sophisticated and renowned investors.
“Templeton is a well-known fund; so there’s no need for much explanation. This is good news supporting MACO’s bullish long-term outlook,” Kavin said.
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