The Nation March 20, 2012 1:00 am

Thai Plastic and Chemicals has taken a 16.73-per-cent stake in Binh Minh Plastics Joint Stock Co, a Vietnamese producer of plastic pipes and fittings.

In its filing to the Stock Exchange of Thailand yesterday, TPC did not reveal the value of the transaction carried out by its wholly owned subsidiary Nawaplastic Industry (Saraburi) Co.

Binh Minh, which is listed on the Ho Chi Minh City Stock Exchange, is 29.6 per cent owned by State Capital Investment Corporation.

Citi appointment

Citi has appointed Darren Buckley as country officer and head of institutional business at its Thai operation.

Buckley joined Citi in London in 1992. He initially served in Central and Eastern Europe, the Middle East and Africa.

After a four-year stint in New York, he moved to Asia in 1999, first in regional leadership roles based in Singapore, then as the chief operating officer in Thailand before moving to Japan in 2004.

Motorbike sales up

Sales of new motorcycles rose by 7 per cent year on year to 178,619 units last month.

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