BANGKOK, Sept 19 Thailand's Jasmine
International PCL on Monday said its chief executive
and biggest shareholder, Pete Bodharamik, has secured up to 42.5
billion baht ($1.22 billion) in credit to buy all shares he does
not already own in the telecoms company.
The CEO owns 31.07 percent of Jasmine. He has offered to buy
4.09 billion shares including treasury stock for 7.25 baht each,
and 2.73 billion warrants at 3.68 baht each, the firm said in a
Jasmine requested trading of its shares be suspended on
Monday pending an announcement, and said in a separate statement
it had no intention of delisting. The stock closed at 6.65 baht
on Friday. Trading will resume at 1145 local time (0445 GMT).
Siam Commercial Bank PCL will finance the CEO and
manage the tender offer scheduled for Sept. 29 to Nov. 3,
Pete Bodharamik is Thailand's 44th richest person with
assets of $515 million, according to Forbes magazine.
In March, Jasmine forfeited a licence to provide
fourth-generation (4G) network services after missing the
deadline for an initial payment of the $2.1 billion fee.
($1 = 34.8400 baht)
(Reporting by Khettiya Jittapong; Editing by Christopher