Krung Thai Bank and its subsidiary Krungthai Card Plc (KTC) on Wednesday denied the news report that the bank would tender for all remaining shares of KTC.
In statements to the Stock Exchange of Thailand, KTB said that there was no such plan. KTC also said that it did not learn of the reported plan to get Bank of Thailand's approval.
Krung Thai Bank now holds 49.45 per cent in KTC.