Kasikornbank has sold its entire stake in Ajinomoto Co (Thailand), or AJT, to the latter’s parent company, Ajinomoto Co Inc (Ajico), according to its filing to the Stock Exchange of Thailand on Friday (February 28).
The total transaction value is Bt5.972 billion.
The bank entered into the transaction with Ajico on Friday. The shares represent 5 per cent of AJT’s total outstanding shares.
The shares are expected to be transferred within March.