Nok raises THB1.7b through fully subscribed share offer
Nok Air has successfully raised THB1.7b (US$51m) through a share offering. The company issued 1.1m shares at a subscription price of THB1.50, according to a stock exchange filing. The entire issue was subscribed by existing shareholders. Nok has struggled to raise funds in 2017. At the end of May, Nok Air raised THB1.2b ($35m) from a rights issue to its existing shareholders. This fell short of the THB1.5b it had originally sought to generate. Out of the 625m shares offered at that time, only 511m shares were taken up. THAI, which used to hold a 39.2% stake in Nok, decided not to take part in the issue. This led to a dilution of its shareholding in Nok to 21.57%. A report in the Bangkok Post, citing sources, indicates that THAI decided to subscribe to the new issue following a leadership change at Nok. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-03/unaligned/nok-raises-thb1-7b-through-fully-subscribed-share-offer
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Nok raises THB1.7b through fully subscribed share offer
Nok Air has successfully raised THB1.7b (US$51m) through a share offering. The company issued 1.1m shares at a subscription price of THB1.50, according to a stock exchange filing. The entire issue was subscribed by existing shareholders. Nok has struggled to raise funds in 2017. At the end of May, Nok Air raised THB1.2b ($35m) from a rights issue to its existing shareholders. This fell short of the THB1.5b it had originally sought to generate. Out of the 625m shares offered at that time, only 511m shares were taken up. THAI, which used to hold a 39.2% stake in Nok, decided not to take part in the issue. This led to a dilution of its shareholding in Nok to 21.57%. A report in the Bangkok Post, citing sources, indicates that THAI decided to subscribe to the new issue following a leadership change at Nok. <br/>
