The share price of BTS Group Holdings Public Company Limited (SET: BTS) rose 7.29% to THB5.00 per share during an intra-trading of the morning session on Monday, October 28, 2024, the highest level in nearly five months.
The surge came after the company announced that its right offerings for additional 2,926,141,881 shares at a price of THB4.50 per share were fully subscribed with an oversubscription.
The company has raised 13,167 million baht from this offering, which would be used to tender Roctec Global Public Company Limited (SET: ROCTEC) and Rabbit Holdings Public Company Limited (SET: RABBIT). The proceeds will be used as working capital for the company as well.
