Thailand’s Siam Commercial Bank shares hit 2-year high on restructuring

Tana Pothikamjorn, executive vice president and head of digital banking platform at Siam Commercial Bank.

Thailand’s Siam Commercial Bank Pcl saw its share price reach a 25-month high after markets opened on Thursday, following its announcement of a major restructuring plan and new venture capital fund with Charoen Pokphand Group.

Thailand’s third-largest lender by assets announced on Wednesday it would establish SCBX as a parent company through a 1:1 share swap.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter