CIMBT to raise capital
CIMB Thai Bank will increase its registered capital by Bt2.445 billion from Bt8.16 billion, with the issuance of 4.89 billion shares to existing shareholders.
In a filing to the Stock Exchange of Thailand, the bank said that its board at the March 6 meeting approved the capital increase. The shares could be issued in small lots or a single lot, but all shares must be issued before the 2013 annual general shareholder meeting.
At Bt0.50 par value, the shares would be sold to existing shareholders at Bt1 apiece. Each is entitled to 3 new shares for every 10 old shares.
CIMBT still waits for approval from related authorities for the share issuance.
Meanwhile, the board also approved the sale of 109.99 shares or 99.99 per cent stake in CIMB Securities (Thailand) Co Ltd, for the value in the range of Bt1.06 billion -Bt1.12 billion. Buyer is CIMB Securities International Pte Ltd (CIMBSI), a wholly owned subsidiary of CIMB Group Sdn.
