Ban on Thai Billionaire Prompts Slump in Top Hospital Operator
- Regulator said Prasert and two others manipulated stock prices
- Prasert, daughter and another resign from their positions
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Shares of Thailand’s top hospital operator by market value and its No. 2 airline sank after the resignation of their billionaire founder, who was banned by the country’s securities regulator for share-price manipulation.
Bangkok Dusit Medical Services Pcl plunged as much as 8.1 percent to its lowest intraday price since February. Bangkok Airways Pcl lost as much as 7.9 percent, the most since June.