No plans to raise equity, True says
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True Corporation has denied rumours that it is planning to raise equity for Bt3 per share.
According to its filing to the Stock Exchange of Thailand on November 20, as of September 30, 2019, the company had Bt23 billion cash on hand and 3.2 billion units of Digital Telecommunications Infrastructure Fund worth approximately Bt54 billion, calculated from November 20 closing price. Therefore, the company has no need to raise capital.
