RETAILING
OfficeMate plans to add to free float, move to SET
- Published: 7 Nov 2012 at 00.00
- Newspaper section: Business
OfficeMate, the catalogue and online office supply company, is considering increasing its free float to stimulate share trading liquidity.
The company recently announced it would issue 240 million new common shares at 37.50 baht each to Central Retail Corporation (CRC), which will become the new major shareholder with a 75% stake.
Worawoot Ounjai, founder and managing director of OfficeMate, said that as a result of the deal, free float share for retail investors may be lower than 10%, or less than the minimum regulatory requirement.
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