Thai Tycoon’s Power & Telco Arms Skyrocket as Holders Approve Merger

Shareholders approved the merger of Thai billionaire Sarath Ratanavadi's telecom and power companies in a milestone chapter for Thai corporate history, paving the way for a sharp surge in shares of both companies. The complex deal represents one of the major corporate restructurings of Ratanavadi's diverse interests and promises to alter the business landscape.

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