STPI shares fell 10.45% to 6.00 baht after the board approved a capital increase through a rights offering and a private placement at a price below the market. The capital increase consists of a rights offering of 164.75 million shares to existing shareholders at a ratio of 11 existing shares to 1 new share, and a private placement of 61.15 million shares to Mr. Mastawin Chanweerakul. Both portions are offered at 5.55 baht per share, totaling 225.90 million new shares. The impact on earnings per share is approximately 11% and the price dilution is about 2%. The company plans to use the proceeds for investments in data center and clean energy businesses. Yuanta Securities Thailand views the major shareholder's participation as reflecting progress on the data center investment plan, with an official partnership announcement expected soon.
STP&I Public Company LimitedCapital increase via rights offering and private placement at below-market price dilutes EPS by ~11% and price by ~2%, causing share drop.