A South Korean telecom will likely buy a 20% stake in Cable Thai Holding (CTH) at market value, which is said to have jumped 50 times from last year.
CTH has 1 billion baht in capital. Wichai Thongtang, an investor, and Trend VG3, a subsidiary of Thai Rath newspaper, each hold 25% of the shares, while 140 local cable TV operators together hold 30%.
The remaining 20% stake is available for sale to new investors.
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