Bangkok Bank (BBL) has pledged to extend the repayment date and reduce the interest rate on a loan worth 13.3 billion baht which Jasmine Broadband Internet Infrastructure Fund (JASIF) still owes, if the fund's unitholders approve Advanced Info Service (AIS)'s purchase of the fund's units held by Jasmine International (JAS).
The move was communicated to the Stock Exchange of Thailand by BBL Asset Management (BBLAM), JASIF's fund manager.
The move is seen as a positive note for AIS's push to purchase a 19% stake in JASIF as the fund's unitholders are scheduled to hold a meeting to consider the deal on Oct 18.
