BANGKOK -(Dow Jones)- Thailand’s Cabinet has approved a plan to
divest government stakes in non-listed private firms that it owns
less than 50% in, the government said in statement.

The government targets to divest shares in companies that it
acquired under asset seizure or those that it has deemed
unnecessary for economic development.

The Minsitry of Finance has been authorized to consider the
divestment method, as well as determine the pricing of the
planned sale.

-By Phisanu Phromchanya, Dow Jones Newswires; 662-690-4200;
phisanu.phromchanya@dowjones.com