BANGKOK, March 5 (Reuters) - Thailand's TMB Bank TMB.BK, 30 percent owned by Dutch lender ING Group (ING.AS: Quote, Profile, Research), plans to seek board approval this month for a plan to cut the par value of its stock to wipe out retained losses, its chief executive said."We plan to cut the par value from 10 baht to book value level to wipe out about 100 billion baht ($3.1 billion) of accumulated losses," Chief Executive Boontuck Wungcharoen told reporters late on Thursday. Full Story
