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Braibant: Private placement is quicker |
Big C Supercenter Plc (BIGC), the
hypermarket operator, plans to raise 4 billion baht for
business expansion this year, with a particular focus on small-format stores.
The company's board yesterday approved a
private placement of up to 23.6 million authorised but
unissued shares, representing 2.9% of Big C's existing
share capital.
Based on current share price, the amount
raised will be about 4 billion baht.
Another 1.5 billion
baht of cash flow will be spent on business expansion in 2012.