Bank of Nova Scotia and HSBC Holdings Plc are among remaining candidates to buy a 47.6 percent stake in Thailand’s Siam City Bank Pcl after three bidders dropped out, people with knowledge of the matter said.

English: National Emblem of Thailand, depictin...

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Hong Leong Bank Bhd. of Malaysia failed to submit a binding bid by a Feb. 1 deadline, the people said, asking not to be identified. CVC Capital Partners Ltd. dropped out on concern the Thai government won’t allow financial investors to control a local bank, one of the people said. Korea Development Bank said Feb. 1 it had abandoned plans to buy the stake. More >