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Thai Plastic buys stake in VN company
Thai Plastic and Chemicals has taken a 16.73-per-cent stake in Binh Minh Plastics Joint Stock Co, a Vietnamese producer of plastic pipes and fittings.
In its filing to the Stock Exchange of Thailand yesterday, TPC did not reveal the value of the transaction carried out by its wholly owned subsidiary Nawaplastic Industry (Saraburi) Co.
Binh Minh, which is listed on the Ho Chi Minh City Stock Exchange, is 29.6 per cent owned by State Capital Investment Corporation.
Citi appointment
Citi has appointed Darren Buckley as country officer and head of institutional business at its Thai operation.
Buckley joined Citi in London in 1992. He initially served in Central and Eastern Europe, the Middle East and Africa.
After a four-year stint in New York, he moved to Asia in 1999, first in regional leadership roles based in Singapore, then as the chief operating officer in Thailand before moving to Japan in 2004.
Motorbike sales up
Sales of new motorcycles rose by 7 per cent year on year to 178,619 units last month.
Honda remained the leader at 68 per cent of the market with 121,389 units registered.
Bangkok was the largest motorcycle market.
“Thailand’s overall motorcycle market met the market forecast, after the oil price continued to rise,” Suchart Arunsaengroj, general manager for sales at AP Honda Co, said yesterday.
“Commuters were seeking an alternative and turned to motorcycles.”
Following Honda, Yamaha sold 45,459 units for 25 per cent of the market, Suzuki posted sales of 6,369 units or 4 per cent, Kawasaki sold 1,777 units or 1 per cent and other brands 3,625 units or 2 per cent.
