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Thai construction firm Ch Karnchang Plc said yesterday it plans to sell a combined 9.8 percent stake in its 99.99 percent-owned unit Thai Tap Water Supply to three parties for a total of 855.5 million baht .
Ch Karnchang will sell a 2.5 percent stake, or 750,000 shares, in its tap water production and distribution unit to Thai Military Bank Plc, and another 2.5 percent to Bangkok Bank Plc at the price of 290 baht a share, the company said in a statement to the Stock Exchange of Thailand.
The construction firm will also sell 4.8 percent of Thai Tap Water to tollway operator Bangkok Expressway Plc.
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