Thailand’s True Corporation has managed to raise 6.38 billion baht from a rights issue. This is way below its target of 19.5 billion baht. Only 32.73 percent of the 10 billion new shares have been subscribed to. Of the remaining, 6.73 billion shares will be offered to the company’s shareholders later this year. The mobile, fixed line and broadband operator is seeking funds partly to fund subsidiary True Move’s plan to launch 3G/3.5G services.
