JAS Slides 2.5% amid Rumors of Discussing Potential Cooperation with Korean Telco Firm!

JAS slides 2.5% amid rumors of discussing potential cooperation with Korean telecommunication firms while DTAC and ADVANC are also interested in the matter.

The share price of Jasmine International Public Company Limited (JAS) traded lower on July 22, 2019, at the lowest price as of 10:55 at ฿7.65/share, slid ฿0.20/share or 2.54% from the last closing price at ฿7.85/share.

JAS has been reportedly in talks with foreign telecommunication companies who are interested in purchasing JAS’s shares and a joint venture, especially a Korean telco behemoth, Korea Telecommunications (KT), said a source close to the matter.

Aside from international firms, there are also two reportedly interested Thai firms namely; Total Access Communication Public Company Limited (DTAC) and Advanced Info Service Public Company Limited (ADVANC) to have set their eyes on JAS as well.

However, JAS has yet to decide whether to cooperate in a joint venture with any firms, but expected to be concluded in 2019.