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Asia Metal doubles capital to B400m through rights issue.
Byline: Busrin Treerapongpichit
Feb. 2--Asia Metal Plc (AMC), a downstream steel producer and distributor, is set to raise capital by 200 million baht through a rights offering to existing shareholders.
The capital raised would be used as working capital and in building distribution centres in order to serve its rapid business expansion, said managing director Chusak Yongvongphaiboon.
He said AMC, which listed on the Stock Exchange of Thailand in August last year, would sell 200 million new shares at par, or one baht each, by March 1. After the issue, its registered capital will be doubled to 400 million baht.
Of the total newly raised ...
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