Investor picks up half of BDMS’ stake in Bumrungrad
Satit Viddayakorn, managing director and major shareholder of Principal Capital, said on Wednesday that he has bought 90.5 million shares of Bumrungrad Hospital (BH) from Bangkok Dusit Medical Services (BDMS).
This follows BDMS’ agreement with a purchaser it chose not to name on November 19 to dispose all its 180.72 million ordinary shares in BH worth about Bt18.61 billion.
According to BDMS’ filing with the Stock Exchange of Thailand on Tuesday, the shares will be sold at Bt103 apiece. The first lot of 90.5 million shares will be sold in a big lot, while the sale of the remainder is expected to be completed by December 31.
Satit said the purchase was his personal investment as he has confidence in the performance of Bumrungrad Hospital.
