COM7 Continues a Rally for 5.75% after the Entrance of BTS Group to Hold 4.92% Stake!

COM7 reached as high as ฿23.90/share, rose ฿1.30/share or 5.75% in the morning session of July 9 after the entrance of BTS as a stakeholder.

The share price of COM7 Public Company Limited (COM7) has reached as high as ฿23.90/share, rose ฿1.30/share or 5.75% in the morning session. As of 10:40, the share price was at ฿23.60/share with a trading value of THB 385 million.

The share price of COM7 rose for a second day after later yesterday, the company had announced that Mr. Sura Khanittaweekul and higher executives of COM7 had sold a big lot of COM7’s shares for a total of 70,500,000 shares worth THB 1,510,000,000, equivalent to 5.87% of COM7’s paid-up capital at an average price of ฿22.00/share, lower than the trading price on the same day by ฿0.57/share or 2.6%.

A total of 59,000,000 shares (4.92% of paid-up stocks) had been sold to BTS Group Holdings Public Company Limited (BTS) while the remaining of 11,500,000 shares were sold to interested individual investors.

Mr. Sura Khanittaweekul has asserted that the change would not affect any of COM7’s Board and Directors’ structure, as well as business policy. He also sees a potential of doing business with BTS as it has strong marketing strategy along with possible partnership in advertising, logistics, e-commerce business etc. in the future.