Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Thailand’s G Steel Surges on Stock Offering Plan

Aug. 26 (Bloomberg) -- G Steel Pcl, a Thai steelmaker, gained the most in 16 months in Bangkok trading after announcing a plan to offer new shares in exchange for debt.

The shares surged 24 percent to 0.57 baht as of the 12:30 p.m. midday break, their steepest advance since April 20, 2009. The stock was the best performer in the 480-member SET Index, which rose 0.3 percent.

G Steel plans to offer as many as 5.1 billion new shares to bondholders, it said in a regulatory filing today. The share offering is part of the plan to restructure the $170 million bonds, it said.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at

To contact the editor responsible for this story: Linus Chua at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.