Bucking the Thai trend: Goldman Sach's Dusit Thani stake states confidence

Article Abstract:

Goldman, Sachs & Co. is acquiring a 30% stake in Dusit Thani PLC, a thailand-based hotel chain, for 750 million baht ($31.3 million ). The investment underscores the US-based investment bank's continuing confidence in the Thai economy despite the current economic slump. The deal calls for Dusit Thani to issue 25 million new shares which will be bought by Goldman sachs for 30 baht ($1.25) per share through a private placement. Dusit Thani owns, run or franchises over 60 hotels with over 14,800 rooms in 8 countries.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Banks (Finance), Investments, Investment companies, Goldman Sachs and Co., Dusit Thani Corporation Ltd.

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Surprises in other markets could sink Hang Seng Index

Article Abstract:

Hong Kong's stock market, the Hang Seng Index, may be jeopardized by potential problems in China, Japan and the US. If the worst occurs in any of the three markets, Hong Kong's stock market is likely to plummet a few thousand points, and remain depressed for some time, some market professionals caution. In contrast, the effect of the turmoil in Indonesia should only be temporary.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Economic aspects, Exchanges, Hong Kong, Hang Seng Index (Index)

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