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Thailand Stocks: Eastern Water, Thai Airways, Thai Union Frozen

May 22 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.

The SET Index fell 0.3 percent to 1,131.52, its lowest close since Feb. 17. That’s the gauge’s third day of declines.

Eastern Water Resources Development & Management Pcl (EASTW TB), Thailand’s largest private water supplier, climbed 6.8 percent to 9.45 baht, a record close. The company denied several newspaper reports that it donated 1 million baht ($31,959) to the opposition Democratic Party. The money was donated to the government for victims of floods in 2010, it said in a regulatory filing today.

Thai Airways International Pcl (THAI TB), the nation’s biggest carrier, slid 5.3 percent to 21.60 baht, the lowest close since Jan. 17. Piyasvasti Amranand, former chief executive officer of Thai Airways, yesterday blamed politics over business for his removal from the carrier. The board of Thailand’s biggest airline yesterday cited a breakdown in communications with Piyasvasti for terminating his contract after three years.

Thai Union Frozen Products Pcl (TUF TB), the country’s largest seafood exporter, gained 1.1 percent to 71.75 baht. Demand for its rights offer was more than double the amount of shares offered, it said in an e-mailed statement today. The company is selling 191.3 million new shares in the rights offer, it said.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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