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KASIKORNBANK, unit establish venture capital JV

KASIKORNBANK PCL and its unit Muang Thai Group Holding Co. Ltd. established a venture capital joint venture.

The joint venture, called FUCHSIA VENTURE CAPITAL CO. LTD., was established Aug. 9 with a registered capital of 5 million Thai baht.

Muang Thai Group holds a 75% stake in the joint venture.

As of Aug. 9, US$1 was equivalent to 33.25 Thai baht.