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Bangkok Post
Bangkok Post
Business

Ratch raises B25bn for expansion in rights issue

Ratch Thailand Electricity Indonesia PE

Ratch Group Plc, Thailand's largest private power generation company by capacity, has raised 25 billion baht in a rights issue to expand its business and support its loan payment plans.

The company sold stock to shareholders at 34.48 baht per share as it attempts to increase its market capitalisation to 200 billion baht by 2025, up from 80.47 billion baht as of yesterday.

Choosri Kietkajornkul, chief executive of Ratch, said the funds will increase the company's capital expenditure for power generation and infrastructure projects in Thailand and overseas.

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