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 to approve the transaction. There was also some concern at the time that the deal may be too big for the market to absorb and some observers argued that the flooding may not have been...
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