The SET-listed Thoresen Thai Agencies (TTA) failed to raise 9.9 billion baht in new capital through a rights offering, as the 70% vote in favour of the plan at Friday's extraordinary shareholders' meeting fell short of the 75% required by law.
‘‘Most shareholders agreed with the plan. They agree with our direction, but many disagreed with the details, especially the new-share ratio,’’ said ML Chandchutha Chandratat.
Shareholders representing 45% of all voting shares attended the meeting yesterday, the highest level on record.
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