TMB Aims to Issue New Ordinary Shares Worth ฿100bn to RO and PP!!

The source close to the matter has revealed that TMB Bank Public Company Limited (TMB) will hold an extraordinary shareholders’ meeting to approve the proposed merger with Thanachart Capital Public Company Limited (TCAP) in July after the completion of their due diligence this month.

Furthermore, TMB may set a price of its new share issue to its existing shareholders at ฿1.80/share – ฿2.10/share, aiming to acquire around THB 40-45 billion of fund. Meanwhile, TMB will sell new shares to TCAP in private placement at a price of ฿2.30/share – ฿2.50/share to acquire around THB 50-55 billion.

Lastly, the new finance minister will make the final approval for the planner merger as government will make additional investment of about THB 10 billion to subscribe new shares in a rights issue.