BDMS ready to sell its Bumrungrad Hospital stake
Bangkok Dusit Medical Services Plc (BDMS) on November 19 decided to dispose all its ordinary shares in Bumrungrad Hospital (BH) worth around Bt18.613 billion.
According to BDMS’s filing with the Stock Exchange of Thailand, it will sell more than 180.72 million shares at Bt103 apiece, representing 22.71 per cent of Bumrungrad Hospital’s total issued shares.
On Tuesday, the purchaser confirmed the availability of funds for the share purchase and BDMS is expected make the initial sales of 90.5 million shares on Thursday.
The sale of the remaining shares is expected to be completed by December 31.
BDMS has noted, however, that the sale is still uncertain and subject to the availability of the purchaser’s funding.
