visa Thai Bank is looking to raise THB5.5bn ( $ 15.5 m ) in a rights issue to secure its capital position ; bank ##B is a 93.71 % indirect subsidiary of CIMB ##B Holdings . according to Bursa Malaysia , the bank said that the rights issue ( 5.505 billion rights shares at one share each ) will be at a ratio of two rights shares for every nine existing shares held .
CIMB Thai Bank is looking to raise THB5.5bn ($15.5m) in a rights issue to secure its capital position; CIMB Thai is a 93.71% indirect subsidiary of CIMB Group Holdings. Speaking to Bursa Malaysia, the bank said that the rights issue (5.505 billion rights shares at one baht each) will be at a ratio of two rights shares for every nine existing shares held.