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Goldman Sachs to buy 32% stake in Rajadamri Hotel

Article Abstract:

Rajadamri Hotel PLC has agreed to sell 32% of its stocks to the US investment bank Goldman, Sachs and Co, making the latter the biggest shareholder of the Thai company that owns the Regent Hotel in Bangkok, Thailand. Their contract of agreement is valued at $14.6 million as share price of Rajadamri was pegged at $1.01 per share. To date, Goldman, Sachs and Co's bid to have full control of Rajadamri has been set aside because Thai laws inhibit foreign investors from holding 100% of any local company.

United States, Asset sales & divestitures, Securities Dealers, Investment Banking and Securities Dealing, Acquisitions & mergers, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Securities Brokerage, Stock Brokerage, Management, Mergers, acquisitions and divestments, Stockbrokers, Investments, Securities industry, Goldman Sachs and Co., Hotels and motels, Rajadamri Hotel Plc

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Grammy's booming shares prompt call to take profit

Article Abstract:

The phenomenal performance of the shares of Thai music company Grammy Entertainment has resulted in recommendations of profit-taking from the country's stock analysts. The company, whose share prices closed at 144 baht ($3.85) each per share on Apr 30, 1999, is trading at 28.4 times its projected 1999 earnings. Grammy, which estimates its market share of Thailand's music industry at 70%, was founded in 1983 by Paiboon Damrongchaitham.

Sales, profits & dividends, Recorded Music Producers, Record Production, Column, Securities, Music industry, Music producers (Persons), Grammy Entertainment PLC

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