Bangkok Mass Transit System Public Company Limited, a subsidiary of BTS Group Holdings Public Company Limited (BTS), is offering 1.3 billion shares in VGI Public Company Limited (VGI) in a block trade, reported Bloomberg.
The share offering is at ฿6.00/share, representing a 11.1% discount to VGI’s closing price n Thursdat at ฿6.75/share, and also lower than the lowest trading price.of the day, which is at ฿6.70/share.
The share offering represents 15.1% of VGI’s existing share capital.
There is a 90-day lockup on the seller with Credit Suisse is sole bookrunner, according to the terms of the deal obtained by Bloomberg.
“Kaohoon Online” is trying to verify with potential buyers, which according to the source are a company related to power generator business and a company operating in duty-free.
“Kaohoon Online” will promptly report if there is further detail regarding the matter.