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Thai Property Developer to Issue New Shares.
Jul. 5--Property developer Sansiri Plc is preparing to raise 2.6 billion baht in new capital through the issue of 587 million new shares to local and foreign investors.
President Srettha Thavisin said the board had approved the issue of a total of 1.88 billion new shares with par value of 10 baht each, which would raise the company's registered capital to 21.85 billion baht.
Of the unissued new shares, 1.08 billion will be reserved for exercise by the Starwood Group, a major shareholder, with 29.3 million shares reserved for an employee stock option programme.
Registered capital will first be reduced to three billion baht from 13.3 billion ...
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Source: HighBeam Research, Thai Property Developer to Issue New Shares.