15th Jul 2005 09:07
Standard Chartered PLC15 July 2005 Standard Chartered PLC 15 July 2005 Standard Chartered Nakornthon Bank pcl ("SCNB") has made certain disclosures tothe Stock Exchange of Thailand on 15 July 2005 in relation to the proposedtransfer by Standard Chartered Bank ("SCB") of SCB's Bangkok Branch to SCNB. In accordance with the Bank of Thailand's Financial Sector Master Plan, SCB andSCNB recently announced proposals to consolidate Standard Chartered's deposittaking entities in Thailand into a single presence. The proposals were agreed bythe Ministry of Finance in Thailand in April 2005. Subject to receivingassociated regulatory and shareholder approvals, SCNB (which is currently 99.98%owned by SCB), intends to complete the acquisition of the business of SCBBangkok Branch for a consideration of THB6,145,808,196 on 1 October 2005. For further information please contact: Romy Murray, Head of Investor Relations +44 (0)20 7280 7245 Cindy Tang, Head of Media Relations +44 (0)20 7280 6170 Betty Ku, Head of Corporate Affairs, Hong Kong +852 2821 1310 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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