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 nine baht each) will be at a ratio of two rights shares for every one 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.