Thai hypermarket chain pockets $135 million from placement

Big C Supercenter opts for a placement of new shares after postponing an $810 million rights issue late last year.

Thai hypermarket chain pockets $135 million from placement

Thailand’s Big C Supercenter, an operator of hypermarkets, convenience stores and health, beauty and pharmacy stores, has raised Bt4.16 billion $135 million from a placement of new shares that was very well received by investors.

The deal replaces the company’s plan to raise as much as $810 million from a rights issue late last year, which was postponed when the extensive flooding that crippled Thailand for months prevented shareholders from attending an extraordinary shareholders meeting...

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