Retail in Asia

In Sectors

Thailand’s Big C to raise USD129.91m for small store growth

Big C Supercenter Plc (BIGC), the Thai hypermarket operator, plans to raise THB4 billion (USD129.91 million) for business expansion this year, with a particular focus on small-format stores.

The company’s board on Friday approved a private placement of up to 23.6 million authorised but unissued shares, representing 2.9 percent of Big C’s existing share capital.

Based on current share price, the amount raised will be about THB4b.

(Source: Bangkok Post)