It sold 22.45m shares at THB4.50 each to two localbusiness men previously unconnected with the shipowner.
BrothersNeeracha Panboonhom and Parleerat Panboonhom bought 15.7m and 6.7m Jutha sharesrespectively.
Juthasaid proceeds from the placement would go towards working capital purpose toincrease the company’s liquidity.
Itwill also strengthen Jutha’s financial position such that its debt-to-equityratio will be at an acceptable level to the financial institutions.
Themove
