Tuesday, October 30, 2012

Reuters: Hot Stocks: STOCKS NEWS THAILAND-Dhipaya Insurance drops after rights issue plan

Reuters: Hot Stocks
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STOCKS NEWS THAILAND-Dhipaya Insurance drops after rights issue plan
Oct 31st 2012, 03:20

Tue Oct 30, 2012 11:20pm EDT

Shares in Dhipaya Insurance Pcl dropped 7.14 percent to 26 baht after the insurer said it planned a rights issue at a lower-than-market price of 12 baht and would use the proceeds to strengthen its capital base.

Dhipaya shares had risen 34 percent so far this year compared with a 26.1 percent gain of the benchmark SET index .

(Reporting by Viparat Jantraprap in Bangkok; Editing by Anupama Dwivedi; viparat.jantraprapaweth@thomsonreuters.com)

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