Thailand Stocks: BTS Group, Energy Earth, Pan Asia Footwear
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.
The SET Index fell 5.87 points, or 0.6 percent, to 1,013.09, a fourth day of decline.
BTS Group Holdings Pcl (BTS) , which operates an elevated train system in Bangkok, gained 1.5 percent to 0.68 baht. The company will offer 100 million warrants to its shareholders for free, it said in a regulatory filing. The company will also pay a cash dividend of 0.02264 baht per share.
Energy Earth Pcl (EARTH TB), a coal supplier, dropped 1.6 percent to 3.62 baht. Energy Earth will acquire PT. Tri Tunggal Pitriati, an Indonesian coal supplier, for as much as 1.2 billion baht ($39.2 million) in stocks, it said in a regulatory filing to the Stock Exchange of Thailand.
Pan Asia Footwear Pcl (PAF) , Thailand’s biggest shoemaker, slumped 4.3 percent to 1.99 baht, the largest drop since June 8. Investors are required to pay cash upfront before placing orders to buy the company’s shares, the bourse said in a statement.
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