Bangkok: Thoresen Thai Agencies has approved a capital increase proposal through a Rights Offering (RO), pending shareholder approval. The funds will be deployed to bolster TTA’s core businesses. At a ratio of 15 existing shares to 6 newly issued shares, the rights offering will deliver a minimum discount of 20% with two free warrants for every six newly issued shares.
TTA proposes to issue 865,403,531 new shares through this RO, at a ratio of 15 existing shares to 6 newly issued shares, which will be subject to shareholder approval at its Annual General Meeting of Shareholders (AGM) on 28 January 2014. [24/12/14]